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November 27, 2024

earnings

Port of Freeport
CenterPoint Misses Expectations with $75M Loss
CenterPoint Energy reported a second-quarter loss of $75 million ($0.17/share), compared to a profit of $135 million ($0.31/share) a year earlier.
PSEG
PSEG Earnings, Combined Cycle Fleet Grow in Q2
Public Service Enterprise Group added two new combined cycle plants to its generating fleet as earnings rose in the second quarter.
Dominion Energy
Dominion Earnings up on Power Demand, Tax Cuts
Dominion Energy's operating earnings jumped by one-third in the second quarter, boosted by power sales to new data centers.
Eversource
Eversource Boosting CapEx by $600 Million
Eversource Energy is increasing its capital spending over the next three years by $600 million, bringing the total to $7.1 billion through 2021.
FirstEnergy Almost Free of FES Bankruptcy
FirstEnergy has reached what CEO Charles Jones called a “big milestone” in its process of unwinding from FirstEnergy Solutions' (FES) bankruptcy.
Entergy
Entergy Sees Quicker Exit from Pilgrim, Palisades Nukes
Entergy announced the sale of its Pilgrim and Palisades nuclear power facilities for their accelerated decommissioning, earning financial analysts' praise.
AEP, NextEra Energy, Xcel Energy Briefs
AEP stock ended the week at $71.14/share, up $1.76, after it announced the cancellation of its Wind Catcher Energy Connection project.
National Grid Earnings Up 4% on US Strength
National Grid said its yearly earnings increased 4% to $4.73 billion, mainly reflecting the strong performance of the company’s U.S. business.
Oncor Financing Tamps Down Sempra Earnings
Financing costs related to the acquisition of Texas utility Oncor helped pushed Sempra Energy’s earnings down by $94 million in the first quarter compared with the same period last year.
PPL Looks to Raise $2B in Equity for 5-6% Annual Growth
PPL said it expects to need to raise only about $2 billion from equity sales through 2020.

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