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November 26, 2024

earnings

Vistra Q2 Cash Flow Up 30% from 2019
Vistra Energy boosted its second quarter cash flow by 30% over 2019 and told financial analysts that the best may be yet to come.
Xcel Earnings Overcome COVID-19 Sales Drop
Xcel Energy reported improved second quarter earnings despite a drop in sales due to the COVID-19 pandemic, citing lower expenses and favorable weather.
PG&E Reports Steep Q2 Loss on Bankruptcy, Fire Costs
PG&E reported a loss of $3.73/share in the second quarter, driven mainly by $2.5 billion in costs to exit bankruptcy and help pay for the 2019 Kincade Fire.
Entergy Beats Expectations with Strong Quarter
Entergy reported second-quarter earnings of $361 million ($1.79/share), bettering 2019’s second-quarter performance of $236 million ($1.22/share).
UPDATE: FirstEnergy, AEP CEOs Deny Wrongdoing
AEP CEO Nick Akins said that his company is innocent of wrongdoing in the alleged bribery scheme that resulted in the passage of Ohio H.B. 6, echoing a similar protestation by FirstEnergy CEO Charles Jones.
NextEra Dips its Toe in Hydrogen Energy
NextEra’s FPL plans to propose a $65 million pilot project that will use unneeded solar energy to produce 100% green hydrogen through a 20-MW electrolysis system.
Entergy Weathers Early COVID-19 Effects
Entergy reported “solid” earnings in the first quarter, saying it has taken quick action to mitigate the effects of the COVID-19 pandemic.
Clock Ticking on Exelon Illinois Nukes Under MOPR
Exelon said its Illinois nuclear plants are “up against a clock,” with the legislature unable to meet to consider withdrawing from PJM’s capacity market.
PPL Reaffirms 2020 Financial Targets Despite Pandemic
PPL executives told investors in a first-quarter earnings call that the utility is continuing to meet its 2020 financial results amid the COVID-19 pandemic.
Con Ed Q1 Earnings down on Virus, Weather
Con Ed’s profits fell nearly 12% in the first quarter and attributed the decline to the effects of the economic shutdown and unusually warm weather.

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