Entergy's Higher Profit Predictions, Mexico's Crude Oil Exports: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

POWER
Entergy Raises Profit Forecast for Coming Years on Growing Power Demand - Entergy Corporation (New Orleans, Louisiana) raised its profit forecast for the later part of the decade and boosted its plan to spend on infrastructure, as rising electricity demand from artificial intelligence (AI)-driven data centers and electrification trends reshape the U.S. power landscape. The utility raised its adjusted profit forecast for 2027 to a range of $4.70 to $5.00 per share from $4.65 to $4.95 per share previously. For 2028, it expects profit between $5.20 and $5.50 per share from its prior forecast of $5.10 to $5.40 per share. Entergy also increased its four-year capital expenditure plan to $40 billion, from $37 billion previously, to cater to anticipated demand from AI data centers and to harden its energy infrastructure against hurricanes and other extreme weather. The company's investments include adding 3 gigawatts (GW) of solar, 1.4 GW of battery storage and 8 GW of natural gas-fired power plants. (Reuters)

CRUDE OIL
Mexico's June Crude Oil Exports Lowest in Decades - Mexican state company Pemex (Mexico City) exported 39% less crude oil year-over-year in June, reaching the lowest level in decades, official data showed, as processing at local refineries and fuel production increased significantly. Pemex exported 458,103 barrels per day (BBL/d) in June, compared to 753,539 BBL/d in the same month a year earlier, company data updated on Monday showed. This was the lowest level since records started in 1990. (Reuters)

U.S. Crude Oil Inventories Rise - U.S. crude oil inventories (excluding the Strategic Petroleum Reserve (SPR)) increased 7.698 million barrels for the week ending July 25. Gasoline inventories decreased 2.724 million barrels, and distillates were 3.635 million barrels higher week-on-week. SPR inventories rose 200,000 barrels, according to the U.S. Energy Information Administration (EIA). (IIR Energy)

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Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).