earnings
confidence high
sentiment positive
materiality 0.75
Loews Q3 2025 net income $504M ($2.43 EPS), up 26% YoY; Boardwalk announces $1.2B Texas Gateway project
LOEWS CORP
2025-Q3 EPS reported
$6.03
revenue$13,720,000,000
- Net income $504M vs $401M in Q3 2024; EPS $2.43 vs $1.82, driven by CNA (up 43%) and Boardwalk (up 22%).
- CNA combined ratio improved to 92.8% (1.5 pts catastrophe losses vs 5.8 pts); underlying combined ratio 91.3%.
- Boardwalk EBITDA $267M (+7% YoY); Texas Gateway project $1.2B, 20-year contract, adds 1.5-2.5 Bcf/d capacity, in service 2029.
- Book value per share excl AOCI $94.00 (+7% from year-end); parent company cash/investments $3.6B, debt $1.8B.
- Repurchased 0.6M shares in Q3 for $56M; additional 0.3M shares in Oct 2025 for $29M.