earnings
DangApricot, CC BY-SA-3.0, via Wikimedia
FirstEnergy reported first-quarter adjusted earnings of $288 million ($0.51/share) on revenue of $3 billion, down 18% from the first quarter of 2021.
NextEra Energy lost almost 10% of its market value after telling the financial community that issues from Asian suppliers could delay some projects.
Electric cat, CC BY-SA 3.0, via Wikimedia Commons
AEP said it intends to sell some or all of its unregulated contracted renewable resources and redirect the proceeds to its transmission assets.
Avangrid’s CEO said during an earnings call that the lease areas that the company now directly controls are “undervalued based on current market prices.”
PSEG said during its Q4 earnings call that it's looking at further investment in offshore wind projects after completing the sale of its fossil units.
CenterPoint Energy continued its recovery from a disastrous 2020, reporting strong year-end and fourth-quarter earnings on Tuesday.
PPL’s stock price took a sharp hit when it announced during its Q4 earnings call that it was cutting dividends in half and missed earnings targets.
Consolidated Edison on Thursday reported 2021 net income of $1.35 billion ($3.86/share), up 22.3% compared with $1.1 billion ($3.29/share) the previous year.
Under a settlement with shareholders, six members of FirstEnergy’s board of directors would not seek re-election at the company’s annual meeting in May.
In a Q4 call, PG&E for the first time put a price tag of more than $25 billion on its proposal to underground 10,000 miles of lines in high-threat fire areas.
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