Utilities Earnings Report — 2026-09-24 to 2026-11-08

25 most recent Utilities earnings

1. Nov 6, 2026, 4:18 PM ET·DTE·Utilities

   DTE Gas Company — Three and Nine Months Ended September 30, 2026 Earnings Summary

   DTE ENERGY CO

   Operating revenues increased to $211 million for the three months ended September 30, 2026 (vs. $207 million prior year) and $1,445 million for the nine months (vs. $1,388 million), while net income improved to a $29 million loss for the quarter (vs. $36 million loss) and rose to $176 million for the nine months (vs. $175 million). The Michigan Public Service Commission approved a $149 million annual revenue increase and a 9.8% return on equity for services rendered on or after October 1, 2026, citing infrastructure investment and rising O&M costs. Capital expenditures are on track with $580 million spent in the first nine months toward an expected full-year total of $900 million, supported by a $1.6 billion DOE loan for infrastructure modernization (no draws as of September 30) and $300 million in new mortgage bond issuances. Dividends paid totaled $169 million for the nine months ended September 30, 2026 (up from $166 million), while the company anticipates no pension contributions in 2026 and plans to transfer up to $25 million from its non-represented qualified pension plan to DTE Electric in Q4. The company maintains a funded debt-to-capitalization ratio of 0.52 to 1, serves approximately 1.4 million customers in Michigan, and expects to recognize $31 million in revenue from fixed consideration in 2026, rising to $169 million in 2031 and thereafter.

2. Nov 6, 2026, 10:54 AM ET·YORW·Utilities

   The York Water Company — Third Quarter and Nine Months 2026 Earnings Summary

   YORK WATER CO

   Third quarter operating revenues rose $3.97 million year-over-year to $24.33 million, while net income increased $1.61 million to $7.81 million; EPS reached $0.48, up $0.05 from the prior year. For the first nine months, operating revenues grew $9.91 million to $67.92 million and net income climbed $5.35 million to $20.24 million, with EPS of $1.30 representing a $0.27 increase. Revenue growth was driven by rate increases effective March 1, 2026, and customer base expansion, partially offset by higher expenses and a reset of the Distribution System Improvement Charge to zero. The Company invested $36.2 million in capital projects and $470,000 in acquiring two wastewater systems during the first nine months, with an additional $11.8 million in capital investment estimated for the remainder of 2026. Dividends declared for the nine-month period totaled $0.6840 per share, up from $0.6576 in the same period of 2025.

3. Nov 6, 2026, 7:51 AM ET·PPL·Utilities

   PPL Corporation — Third Quarter 2026 Earnings Summary

   PPL CORP

   Reported Q3 2026 earnings rose 15% year-over-year to $0.49 per share ($367 million), with ongoing operations earnings up 16% to $0.54 per share ($411 million), driven by higher retail rates and sales volumes in Kentucky and Pennsylvania. Management narrowed 2026 ongoing earnings guidance to $1.92–$1.96 per share and introduced a 2027 forecast of $2.06–$2.14 per share, while raising the long-term annual EPS growth target to 7%–9% through 2030. Announced a $25 billion capital plan for 2027–2030, a $2 billion increase from the prior plan, targeting 10% average annual rate base growth alongside a $12 billion–$16 billion potential additional generation investment pipeline through 2032. Secured terms for approximately 2 GW of generation capacity via Invitium Energy to supply QTS's Salem Township data center, with the broader Invitium joint venture supporting $6 billion–$9 billion of potential future investment through 2032. Net debt increased to $20.5 billion (short-term $679 million; long-term $19.853 billion) as of September 30, 2026, while Q3 reported earnings included $44 million in net special-item charges primarily related to system integration and Rhode Island hold harmless commitments.

4. Nov 6, 2026, 7:01 AM ET·VST·Utilities

   Vistra — Third Quarter 2026 Earnings Summary

   VISTRA CORP

   GAAP net income rose to $1,140 million in Q3 2026 from $652 million in the prior year, while Ongoing Operations Adjusted EBITDA grew over 50% year-over-year to $2,378 million. The company raised full-year 2026 Ongoing Operations Adjusted EBITDA guidance to $7.1–$7.5 billion and initiated 2027 guidance of $7.7–$8.5 billion, alongside corresponding increases in Free Cash Flow before Growth (FCFbG) projections. Strategic progress includes the October 2026 acquisition of Cogentrix Energy, the addition of 5,500 MW of capacity, and the commencement of commercial operations for the Pulaski Solar and Deer Creek Solar & Storage facilities. The Board authorized an additional $1.5 billion in share repurchases, bringing total buybacks since November 2021 to approximately $6.7 billion, while the company redeemed all $1 billion of its Series A Preferred Stock. Liquidity stood at $8,923 million as of September 30, 2026, though pro forma liquidity is estimated at $5.4 billion following the Cogentrix acquisition and associated debt repayments.

5. Nov 5, 2026, 4:44 PM ET·CPK·Utilities

   Chesapeake Utilities Corporation — Third Quarter 2026 Earnings Summary

   CHESAPEAKE UTILITIES CORP

   Net income rose to $21.6 million ($0.89/share) for Q3 2026 from $19.4 million ($0.82/share) in 2025, while year-to-date net income reached $106.3 million ($4.40/share) versus $94.2 million ($4.03/share) in 2025, reflecting an 8.4% growth in Adjusted EPS. Total operating revenues increased to $195.8 million in Q3 and $750.8 million year-to-date, driven by regulatory initiatives and infrastructure programs, though unregulated energy revenues dipped to $37.8 million in the quarter. The company reaffirmed 2026 capital expenditure guidance of $550–$600 million and 2028 earnings guidance of $7.75–$8.00 per share, with $412.8 million invested year-to-date and expectations to exceed $2.2 billion in capital investment through 2028. Strategic growth was advanced via a joint venture with NextEra Energy Resources to finance 49% of the $1.2 billion Florida Energy Pathway project and the establishment of a new $225 million at-the-market equity offering program.

6. Nov 5, 2026, 4:34 PM ET·AEE·Utilities

   Ameren — Third Quarter 2026 Earnings Summary

   AMEREN CORP

   Q3 2026 GAAP and adjusted net income rose to $676 million ($2.42/share) from $640 million ($2.35/share) in Q3 2025; nine-month GAAP net income increased to $1,347 million ($4.83/share) from $1,204 million ($4.43/share). Raised full-year 2026 earnings guidance to $5.35–$5.55 per share (from $5.25–$5.45) and established 2027 guidance of $5.70–$5.90 per share, projecting 8–10% EPS CAGR through 2031. Total operating revenues grew 6.8% year-over-year to $2,882 million in Q3 and 1.9% to $7,150 million for the nine months; long-term debt increased to $20.443 billion as of September 30, 2026. Management expects 13.3% compounded annual rate base growth through 2031 driven by $38.1 billion in planned infrastructure investments, with a commitment to maintain a 45–55% dividend payout ratio.

7. Nov 5, 2026, 9:58 AM ET·NWE·Utilities

   NorthWestern Energy Group, Inc. — Third Quarter 2026 Earnings Summary

   NORTHWESTERN ENERGY GROUP INC

   Q3 2026 diluted GAAP EPS declined to $0.50 from $0.62 in 2025, while total revenues rose 9.5% to $423.8 million; adjusted non-GAAP EPS fell to $0.58 from $0.79 due to higher operating expenses and Colstrip interest losses. Management affirmed 2026 non-GAAP earnings guidance of $3.68 to $3.83 per share and long-term EPS growth of 4% to 6%, alongside a $3.2 billion capital investment plan for 2026–2030. The merger with Black Hills remains on track to close by year-end 2026, subject to regulatory approval, with each share converting to 0.98 shares of the combined entity (Bright Horizon Energy Corporation) if closed before the November 17 record date. Strategic initiatives include signing agreements for 75 MW of data center load (potential 1,250 MW by 2030), filing for the Hub City Energy Park, and expanding credit facilities to $750 million total capacity. A quarterly dividend of $0.67 per share was announced, and the company reported $349.5 million in total net liquidity as of September 30, 2026.

8. Nov 5, 2026, 8:15 AM ET·CTRI·Utilities

   Centuri Holdings — Third Quarter 2026 Earnings Summary

   CENTURI HOLDINGS INC

   Q3 2026 revenue reached a record $1.2 billion (up 40% YoY), with net income surging 1,174% to $26.9 million and adjusted EBITDA rising 44% to $108.0 million; full-year 2026 revenue guidance was raised to $3.8–$3.9 billion. The company updated 2027 outlook to target mid-teens revenue growth and 8.5%–9.0% gross profit margins, supported by a record $19 billion opportunity pipeline and $6.2 billion backlog. Strategic momentum remains strong with $730 million in Q3 bookings and $52.989 million in cash used for acquisitions in the first nine months of 2026, while the Net Debt to Adjusted EBITDA ratio improved to 2.6x. Management highlighted significant margin expansion in the U.S. Gas segment (8.2% in Q3 vs. 4.2% in Q2) and strong growth across all segments, though Q4 2026 guidance assumes no storm restoration contributions.

9. Nov 5, 2026, 8:09 AM ET·ALP-PQ·Utilities

   Southern Company — Third Quarter 2026 Earnings Summary

   ALABAMA POWER CO

   Third-quarter 2026 net income rose to $2.0 billion ($1.77 per share) from $1.7 billion ($1.55 per share) in the prior year, while operating revenues increased 13.0% year-over-year to $8.8 billion. Management projects accelerated depreciation and decommissioning costs from wind facility repowering will continue through Q3 2027, with remaining pre-tax costs estimated at $100 million in 2026 and $135 million in 2027. The company reported a $43 million loss on debt extinguishment in the quarter and noted potential future charges related to disallowed Nicor Gas investments, Plant Vogtle units, and debt refinancing, though amounts and timing remain uncertain. Growth in the Southeast is described as "unprecedented and transformational," driven by customer expansion and significant demand from data centers, though this creates capital access and revenue recovery risks.

10. Nov 5, 2026, 7:30 AM ET·GNE·Utilities

    Genie Energy — Third Quarter 2026 Earnings Summary

    GENIE ENERGY LTD

    Consolidated revenue decreased 8.0% year-over-year to $127.2 million, while gross margin expanded to 32.4% and net income attributable to common stockholders rose 59.4% to $10.2 million. Adjusted EBITDA increased 67.1% to $13.7 million, with management reaffirming full-year 2026 guidance of $32.5 million to $40.0 million. Genie Retail Energy saw a 14.7% decline in residential customer equivalents due to expiring low-margin deals, though gross profit grew 36.0% to $37.5 million. Genie Renewables achieved positive operating income of $0.8 million and improved Adjusted EBITDA to $1.1 million, driven by maturing Diversegy and Genie Solar operations. The company declared a $0.075 quarterly dividend and repurchased approximately 128,000 Class B shares for $2.0 million during the quarter.

11. Nov 4, 2026, 5:21 PM ET·BKH·Utilities

    Black Hills Corp. — Third Quarter 2026 Earnings Summary

    BLACK HILLS CORP

    GAAP net income for Q3 2026 reached $41.0 million ($0.54 diluted EPS), up from $24.9 million ($0.34 diluted EPS) in the prior year period; year-to-date net income was $210.2 million ($2.76 EPS) versus $186.6 million ($2.58 EPS) in 2025. Reaffirmed 2026 adjusted EPS guidance of $4.25 to $4.45 per share, excluding merger-related costs, while projecting earnings from the Google data center project to begin mid-2027 and reach approximately $150 million in net income by 2030. Secured definitive agreements for a $1.8 billion, 564 MW generation project to serve Google's Cheyenne data center through 2048, alongside regulatory approvals for new rates totaling $31.4 million in annual revenue for South Dakota and Wyoming Electric utilities. Board approved a quarterly dividend of $0.703 per share, marking 56 consecutive years of increases, and issued 1.0 million shares under the at-the-market program for $69 million in net proceeds year-to-date. Pending merger with NorthWestern Energy remains subject to final Montana Public Service Commission approval with an expected closing by year-end 2026, while Lange II generation facility remains on track for service in Q4 2026.

12. Nov 4, 2026, 4:47 PM ET·ORA·Utilities

    Ormat Technologies — Third Quarter 2026 Earnings Summary

    ORMAT TECHNOLOGIES INC

    Q3 2026 revenue rose 10.2% YoY to $275.1 million and net income increased 32.2% to $31.9 million ($0.51 EPS), while nine-month revenue and net income grew 31.4% and 11.4% respectively; Energy Storage revenue surged 145.2% to $49.9 million, offsetting declines in Electricity and Product segments. Management raised full-year 2026 guidance to $1.17–$1.20 billion in revenue and $640–$650 million in Adjusted EBITDA, citing strong Energy Storage performance and new capacity additions. Strategic expansion includes a 100 MW / 400 MWh Denali energy storage facility in California (completion expected end of 2028), selection for up to $35 million in DOE funding for EGS projects, and an expanded EGS land position of 170,000 acres supporting 5–6 GW potential. The Board declared a $0.12 quarterly dividend payable December 2, 2026, while cash and cash equivalents increased to $347.968 million as of September 30, 2026.

13. Nov 4, 2026, 4:43 PM ET·ATO·Utilities

    Atmos Energy Corporation — Fiscal 2026 Earnings Summary

    ATMOS ENERGY CORP

    Fiscal 2026 delivered $8.49 in diluted earnings per share and $1.4 billion in net income, supported by $395.4 million in annualized regulatory outcomes. Fiscal 2027 EPS guidance is set at $9.05 to $9.25, with capital expenditures projected at approximately $4.5 billion. The company announced a 9.0% increase in the annual dividend to $4.36 per share, alongside a quarterly declaration of $1.09 per share. Capital expenditures totaled $4.2 billion in fiscal 2026, with over 85% allocated to safety and reliability, while maintaining 60% equity capitalization and $3.8 billion in liquidity.

14. Nov 4, 2026, 4:34 PM ET·AWR·Utilities

    American States Water Company — Third Quarter 2026 Earnings Summary

    AMERICAN STATES WATER CO

    Reported Q3 2026 adjusted diluted EPS rose 5.0% to $1.06, while year-to-date adjusted diluted EPS increased 12.6% to $2.86; total operating revenues grew 5.4% to $192.5 million in Q3 and 10.0% to $543.0 million year-to-date. Regulated utilities are on track to invest $185 million to $220 million in capital infrastructure in 2026, with the contracted services business expected to contribute $0.63 to $0.67 per share for the full year. The company announced no plans to issue additional equity through at least the end of 2029 and approved a Q4 2026 dividend of $0.5455 per share, representing an 8.2% increase from the prior quarter. Financial results were positively impacted by CPUC-authorized rate increases in the water and electric segments, though reported earnings were negatively affected by $17,000 in losses on retirement plan investments and dilution from a completed $200 million ATM offering.

15. Nov 4, 2026, 9:37 AM ET·WTRG·Utilities

    Essential Utilities — Q3 2026 Earnings Summary

    ESSENTIAL UTILITIES INC

    Q3 2026 GAAP net income rose 12.7% year-over-year to $103.8 million ($0.36/share), while total revenues increased 6.6% to $508.3 million; nine-month GAAP net income declined 10.3% to $434.0 million ($1.53/share) due to $22.5 million in merger-related expenses. The company remains on track to invest $1.7 billion in 2026 infrastructure, with the American Water merger expected to close in Q1 2027 after receiving regulatory approvals in Kentucky, Ohio, and Virginia. Pending rate cases and surcharges could add an estimated $78.5 million in incremental annual revenue for the water segment and $163.2 million for the natural gas segment in Pennsylvania. Recent strategic activity includes completed acquisitions of Dril-Quip and Central States Water Resources, alongside signed agreements totaling $290 million to serve over 208,000 customers, including the Delaware County Regional Water Quality Control Authority. The board declared a quarterly dividend of $0.3606 per share, maintaining a track record of 36 dividend increases over the last 35 years, while long-term debt stands at $8.03 billion with $759 million available on credit lines.

16. Nov 4, 2026, 8:41 AM ET·MGEE·Utilities

    MGE Energy — Third Quarter 2026 Earnings Summary

    MGE ENERGY INC

    GAAP earnings for Q3 2026 reached $56.4 million ($1.48 per diluted share), a 27% increase from $44.5 million ($1.22 per share) in Q3 2025, while operating revenues rose to $190.4 million from $175.7 million. Net income for the nine months ended September 30, 2026, totaled $138.2 million ($3.70 per diluted share), up from $112.6 million ($3.08 per share) in the prior year period. Electric segment earnings grew by $11.6 million, driven by strategic capital investments expanding the rate base and the deployment of renewable energy projects, alongside a $3.3 million increase in AFUDC equity. Investment gains increased by approximately $2.2 million in Q3 2026 compared to the prior year, attributed to returns from venture capital funds focused on energy technologies.

17. Nov 4, 2026, 8:08 AM ET·SWX·Utilities

    Southwest Gas Holdings, Inc. — Third Quarter 2026 Earnings Summary

    SOUTHWEST GAS HOLDINGS INC

    Consolidated net income from continuing operations was $12.8 million for the quarter and $193.3 million year-to-date, representing increases of $16.5 million and $63.4 million, respectively, compared to 2025, driven by improved corporate results and the absence of discontinued operations gains from the Centuri disposition. The company reaffirmed 2026 adjusted EPS guidance of $4.17 to $4.32 and a 2026-2030 adjusted EPS CAGR of 12.0% to 14.0%, while noting that long-term guidance metrics currently exclude the updated $2.3 billion capital estimate for the Great Basin 2028 expansion project. Significant regulatory milestones were achieved with the completion of Nevada and California rate cases, delivering approximately $80 million in combined incremental annual revenue, while the Arizona rate case hearing is scheduled for December with rates expected to take effect in April 2027. The Great Basin 2028 expansion project remains on track for a FERC CPCN filing in Q4 2026, with shippers having executed binding agreements for 1 Bcf per day of demand and the project expected to generate $270 million to $300 million in incremental annual margin starting in Q4 2028. Capital expenditures for 2026 are estimated at $1.25 billion, with $148 million allocated to the Great Basin project, while the company ended the quarter with nearly $0.7 billion in available liquidity and repaid remaining balances on its revolving credit facility.

18. Nov 3, 2026, 6:44 PM ET·AVA·Utilities

    Avista Corp. — Q3 2026 Earnings Summary

    AVISTA CORP

    GAAP net income rose to $49 million ($0.57/share) in Q3 2026 from $29 million ($0.36/share) in Q3 2025, while non-GAAP utility earnings increased to $33 million ($0.38/share) from $30 million ($0.37/share). The company confirmed 2026 non-GAAP utility earnings guidance of $2.52 to $2.72 per share, with management expecting to achieve the midpoint, supported by a long-term growth outlook of 4% to 6% annually. Strategic capital activity included $58 million in common stock and $230 million in long-term debt issued year-to-date, with plans to issue up to $15 million in additional stock in 2026 and secure a $100 million short-term loan by Q4. Revenue and cost drivers were significantly impacted by the Colstrip exit, which reduced resource costs and depreciation, alongside a shift in non-regulated other business income from a $13 million loss in 2025 to $29 million in 2026.

19. Nov 3, 2026, 5:22 PM ET·GWRS·Utilities

    Global Water Resources — Third Quarter 2026 Earnings Summary

    GLOBAL WATER RESOURCES INC

    Q3 2026 revenue rose 5.0% year-over-year to $16.3 million, while net income declined 41.5% to $1.0 million ($0.03/share) due to a 30.4% increase in depreciation and higher net interest expenses; Adjusted EBITDA remained flat at $7.8 million. Management anticipates new rates for GW-Santa Cruz taking effect December 1, 2026, while GW-Palo Verde and three Pima County utilities plan to refile rate cases in 2027 with estimated new rates in 2028. The company completed a $10.0 million private placement, amended its revolving credit facility to increase borrowing capacity to $30.0 million, and declared annualized dividends of $0.30396 per share. Long-term outlook remains positive driven by Phoenix MSA population growth and TSMC's $265 billion investment, though near-term growth faces headwinds from a temporary slowdown in new connection activity and rising operations and maintenance costs.

20. Nov 3, 2026, 9:17 AM ET·OTTR·Utilities

    Otter Tail Corporation — Third Quarter 2026 Earnings Summary

    OTTER TAIL CORP

    Consolidated net income for the quarter fell to $59.5 million from $78.3 million in 2025, while diluted EPS declined to $1.41 from $1.86; year-to-date net income dropped to $124.5 million from $224.1 million, driven by a $103.5 million legal settlement expense excluded from adjusted measures. The company affirmed its 2026 diluted EPS guidance midpoint, narrowing the range to $3.89–$4.19, and reaffirmed long-term targets of 7–9% earnings growth and 10–12% total shareholder return. Operating revenues decreased 2.6% to $320.5 million for the quarter, with the Manufacturing segment up 16.6% to $89.7 million, while the Plastics segment fell 12.9% to $95.8 million due to lower prices and volumes. Capital expenditures surged to $451.6 million for the nine-month period from $213.3 million, contributing to long-term debt rising to $1.09 billion, though available liquidity remained strong at $601.8 million. Management confirmed confidence in the strategic growth plan despite inflationary pressures, noting improving demand in the Manufacturing segment and ongoing progress on regulatory priorities and transmission projects in the Electric segment.

21. Nov 3, 2026, 8:09 AM ET·XIFR·Utilities

    XPLR Infrastructure, LP — Third Quarter 2026 Earnings Summary

    XPLR INFRASTRUCTURE LP

    Q3 2026 net income turned positive at $51 million versus a $37 million loss in Q3 2025, while adjusted EBITDA rose 3.5% to $471 million; however, Q3 free cash flow before growth (FCFBG) declined to $164 million from $179 million. Full-year 2026 adjusted EBITDA guidance was lowered to the lower half of the previous range ($1.75B–$1.95B), with FCFBG guidance adjusted to the low end ($600M–$700M). Management introduced 2027 outlooks projecting adjusted EBITDA of $1.56B–$1.70B and FCFBG of $525M–$600M, with 2028 FCFBG expected to match 2027 levels. Strategic milestones include completing 85% of 2026 repowerings, selling 400 MW of interconnection assets to NextEra Energy Resources, and retiring the remaining 2026 unsecured notes. The company maintains a diversified portfolio of contracted clean energy assets, though results remain subject to renewable generation variability, regulatory changes, and reliance on NextEra Energy Resources for credit support.

22. Nov 2, 2026, 4:29 PM ET·OGS·Utilities

    ONE Gas — Third Quarter 2026 Earnings Summary

    ONE GAS INC

    Third quarter 2026 adjusted net income rose to $33.5 million ($0.53/share) from $28.6 million ($0.47/share) in 2025, while year-to-date adjusted net income increased to $218.9 million ($3.47/share) from $181.3 million ($3.00/share); total revenues for the quarter reached $391.3 million compared to $379.1 million in the prior year period. The Company raised its full-year 2026 adjusted earnings per share guidance to $4.95–$5.01 (midpoint $4.98) from $4.89–$4.95 and increased adjusted net income guidance to $313–$317 million from $310–$314 million. Full-year 2026 capital investments, including asset removal costs, are projected at approximately $800 million, with $230 million allocated to extensions for new customers; management expects average customer bills to remain flat year-over-year. Strategic capital activities included the August 2026 issuance of $375 million in 10-year senior notes and the declaration of a quarterly dividend of $0.68 per share, while regulatory approvals were secured for $14.3 million in Kansas and $36.9 million in Texas reliability surcharges.

23. Oct 30, 2026, 7:31 AM ET·D·Utilities

    Dominion Energy — Third Quarter 2026 Earnings Summary

    DOMINION ENERGY INC

    GAAP net income rose to $1.2 billion ($1.30/share) in Q3 2026 from $1.0 billion ($1.16/share) in the prior year, while operating earnings increased to $1.1 billion ($1.28/share) from $921 million ($1.06/share); however, year-to-date GAAP net income declined to $2.121 billion ($2.37/share) from $2.431 billion ($2.81/share). The company reaffirmed its full-year 2026 operating earnings guidance range of $3.45 to $3.69 per share and expects to finish in the top half of this range, with year-to-date operating earnings up $325 million to $2.698 billion ($3.02/share). Segment performance was mixed, with operating earnings growth in Dominion Energy Virginia (+$183 million) and South Carolina (+$62 million) offset by a $31 million decline in Contracted Energy, while the nine-month period included significant charges of $95 million for CVOW cost recovery issues and $820 million for nonregulated renewable natural gas facilities. Management highlighted ongoing risks related to the proposed merger with NextEra Energy, including potential regulatory hurdles and operational disruptions, alongside challenges regarding construction timelines and cost recovery for the Coastal Virginia Offshore Wind project.

24. Oct 30, 2026, 6:57 AM ET·EXELON·Utilities

    Exelon — Third Quarter 2026 Earnings Summary

    EXELON CORP

    GAAP net income declined to $0.70 per share in Q3 2026 from $0.86 in the prior year period, while Adjusted operating earnings rose to $0.87 per share from $0.86; operating revenues increased 9% year-over-year to $7.319 billion for the quarter. Management narrowed full-year 2026 Adjusted operating earnings guidance to $2.85-$2.91 per share and affirmed a 5-7% compounded annual growth rate for operating EPS through 2029. Strategic capital deployment saw expenditures rise to $6.799 billion for the first nine months of 2026, supporting grid, transmission, and storage investments, while the Board declared a $0.42 quarterly dividend. Segment performance was mixed, with ComEd and BGE reporting earnings growth driven by rate bases and approved rates, while PECO and PHI faced headwinds from higher storm costs and taxes despite rate approvals.

25. Oct 29, 2026, 4:06 PM ET·EIX·Utilities

    Edison International — Third Quarter 2026 Earnings Summary

    EDISON INTERNATIONAL

    Q3 2026 net income declined to $724 million ($1.88/share) from $832 million ($2.16/share) in the prior year, while nine-month core earnings rose to $1.88 billion ($4.89/share) from $1.80 billion ($4.68/share). Management reaffirmed 2026 core EPS guidance of $5.90–$6.20 and basic EPS guidance of $5.66–$5.96, maintaining confidence in delivering 5% to 7% core EPS growth from 2025 to 2030. Capital allocation included $538 million in preferred stock repurchases and $42 million in common stock repurchases for the nine months ended September 30, 2026, alongside $1.013 billion in common stock dividends. The company emphasized the critical need for durable wildfire reform, including a clear liquidity source and a shareholder liability cap, to support grid investments and protect customer affordability.