Utilities
Electricity, gas and water networks, and the regulated operators that run them. Cash flows are steady because tariffs are set by the regulator, and investment is driven by grid upgrades and the shift to cleaner generation. Sensitive to interest rates, since the sector is heavily indebted and bought for its yield, and to the rulings that fix those tariffs.
Latest analysis
Oil and gas stockpiles must last until March, the month the IMF assumes Hormuz reopens
Analysis ·