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November 25, 2024

earnings

Electric cat, CC BY-SA 3.0, via Wikimedia Commons
Suitors Line up for AEP’s Unregulated Renewable Assets
Wall Street has reacted to earnings releases from AEP, NextEra Energy and Xcel Energy by increasing their share prices in the following days.
DTE Energy
DTE Energy Pledges Fast-tracked Energy Transition
DTE Energy executives promised a more aggressive clean energy transition during a third quarter earnings call.
FirstEnergy
FirstEnergy Q3 Adjusted Earnings at Top of Guidance
FirstEnergy reported that power deliveries for Q3 were flat, with an uptick in industrial demand offsetting a decline in residential and commercial demand.
U.S. Forest Service
PG&E Faces $255M in New Wildfire Fines, Costs
PG&E said in a Q3 earnings call it faces $100 million in costs from this year's Mosquito Fire, plus a $155 million fine for the deadly Zogg Fire in 2020.
PJM
Dominion CEO: SCC Order for OSW Performance Guarantee ‘Untenable’
The Virginia Corporation Commission approved Dominion Energy’s OSW project, but the utility’s CEO said the capacity performance guarantee is “disappointing.”
Vistra
Vistra Stays the Course Despite Q2 Loss
Vistra CEO Jim Burke says he remains confident in the company's value proposition, even as it turned in a major second-quarter loss.
OGE Energy
OGE Benefits from Enable Midstream’s Sale
OGE has shed 77% of its investment in Enable Midstream Partners for an $813 million return at an average price of $11.09/unit, a 33% premium since December.
Duke Energy
Duke Considering Sale of 3.5-GW Renewable Portfolio
Duke Energy put a “for sale” sign on its 3.5-GW commercial renewable business, saying it wants to focus its capital on regulated spending.
Shutterstock
Entergy Beats Expectations with Q2 Earnings
Entergy easily beat analysts’ expectations with its second-quarter results, thanks to better-than-expected retail sales during the early-summer heat.
CenterPoint Energy
CenterPoint Takes the Heat, Raises Earning Guidance
Texas’ record-breaking heat through June boosted CenterPoint Energy’s second-quarter earnings and led its management to again raise its earning guidance.

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