earnings
During an earnings call, Dominion Energy CEO Thomas Farrell expressed confidence that his company’s lobbying in Connecticut and Virginia are track to benefit the company.
AEP beat Wall Street’s expectations with a positive yearend earnings report, but CEO Nick Akins spent much of a conference call with analysts focused on its Oklahoma subsidiary.
The Top 30 saw improved profits in Q3 over 2016, but revenues fell, and more than half of the companies saw their top and bottom lines shrink.
CenterPoint Energy executives said the company is in “late-stage discussions” over its Enable Midstream Partners gas-gathering and processing joint venture.
Pacific Gas and Electric (PG&E) earnings jumped 42% to $550 million during the third quarter ($1.07/share), boosted in large part by reduced expenses.
Pinnacle West Capital, parent of APS, earned $276 million ($2.46/share) in the third quarter, compared with $263 million during the same period in 2016.
Alliant Energy announced a quarterly profit of $174.3 million ($0.75/share), down from $179.7 million ($0.80/share) a year earlier.
NRG Energy earned $171 million ($0.53/share) last quarter, compared with $402 million ($1.27/share) in the same period last year.
Eversource Energy reported third-quarter earnings of $260.4 million ($0.82/share), down nearly 2% from the same quarter in 2016.
Consolidated Edison’s Q3 earnings fell 8% to $457 million ($1.48/share), a drop the company attributed to changes in its rate plan and regulatory charges.
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