One company that supplies more than one service at once — often electricity, gas and water together — so a single provider covers most of your utility bills.
DTE Energy Trades at $132 With $148 Target on 2.4 GW Hyperscaler Deals
DTE Energy is trading at $131.61 with a BUY rating and a $148.32 price target from 24/7 Wall St., backed by 2.4 gigawatts of signed hyperscaler agreements including a 1.4 GW Oracle deal already under construction and a 1 GW Google agreement in Van Buren Township that could unlock roughly $5 billion of incremental capex through 2032. CEO Joi Harris said on the Q2 call that momentum remains strong across the development pipeline, and management stated that three gigawatts of signed contracts unlocks 8%-plus EPS growth, with another two gigawatts in advanced discussions targeting a deal by year end. Q1 2026 operating EPS of $1.95 missed the $2.03 consensus, dragged by a $25 million Energy Trading loss, though core utility earnings rose on the February rate order, and management reaffirmed 2026 operating EPS guidance of $7.59 to $7.73 with confidence toward the high end. The bear case centers on regulatory scrutiny from back-to-back rate case filings before the Michigan Public Service Commission and a $36.5 billion five-year capex program requiring $500 to $600 million of annual equity issuance through 2028, while the company protects against stranded assets with minimum billing demand of 80% and contracts of 10 years or longer. DTE offers the same data center upside as Constellation Energy but wraps it in a 3.52% dividend yield and regulated-utility stability, and its 2.4 GW of signed contracts is currently more advanced than CMS Energy's disclosed signings.
Dominion Energy Forecast to Post $1.19 EPS as Quarterly Revenue Hits $4.95 Billion
Dominion Energy is forecast to report quarterly earnings of $1.19 per share, a 12.26% increase from the year-ago quarter, on revenue of $4.95 billion, up 9.24% year over year. For the full year, the Zacks Consensus Estimates project earnings of $3.57 per share and revenue of $18.36 billion, representing changes of +4.39% and +11.26%, respectively, from the prior year. The Zacks Consensus EPS estimate has remained unchanged over the last 30 days, and Dominion Energy currently carries a Zacks Rank of #3 (Hold). The stock trades at a Forward P/E ratio of 17.87, above its industry's average Forward P/E of 16.92, and carries a PEG ratio of 2.98 versus the Utility - Electric Power industry's average PEG ratio of 2.51. The Utility - Electric Power industry, part of the Utilities sector, holds a Zacks Industry Rank of 150, placing it in the bottom 40% of all 250+ industries.
CenterPoint Energy Replaces US$2.40 Billion Credit Facility With US$2.20 Billion Five-Year Revolver
CenterPoint Energy, Inc. replaced its prior US$2.40 billion unsecured revolving credit facility with a new five-year senior unsecured revolving credit facility of US$2.20 billion in September 2026. The new facility includes swingline loan and standby letter of credit subfacilities, extendable maturities, and a covenant capping the company's debt-to-capitalization ratio at 67.5%. It also carries a built-in covenant adjustment that temporarily allows higher leverage if large, securitizable natural-disaster restoration costs arise in its service territory. The refreshed facility modestly tightens leverage capacity while adding disaster-related flexibility, and the company also completed Phase Two of the Greater Houston Resiliency Initiative. CenterPoint Energy's narrative projects $11.4 billion in revenue and $1.6 billion in earnings by 2029, with a $46.12 fair value estimate implying 20% upside.
DTE Energy Holds 2.4 GW of Data Center Deals With 5-6 GW More in Pipeline
DTE Energy has 2.4 gigawatts of executed data center agreements in hand and another five to six gigawatts in the pipeline, according to 24/7 Wall St., which rates the utility a buy with a $148.26 price target implying roughly 13.1% upside from a recent quote near $130.39. CEO Joi Harris confirmed on the Q2 call that the 1.4 GW Oracle project is under construction and that the 1 GW Google deal in Van Buren Township could drive roughly $5 billion of incremental capex through 2032, with management noting that landing another 3 GW would push long-term EPS growth above 8%. The Q1 2026 report showed non-GAAP operating EPS of $1.95, below the $2.03 consensus, hurt by a $25 million Energy Trading loss and higher corporate interest expense, though management reaffirmed 2026 operating EPS guidance of $7.59 to $7.73 and pointed to the high end. DTE's $36.5 billion five-year capital plan and $4.66 annualized dividend yielding 3.46% underpin a bull case of $161.83, while risks include $500 to $600 million in annual equity issuances through 2028, back-to-back Michigan rate cases, and the expiration of DTE Vantage renewable natural gas tax credits in 2029. Against CMS Energy's $24 billion capital plan and WEC Energy Group's premium valuation, the report argues DTE's forward P/E of 16 looks reasonable and undervalued.
NextEra and Dominion Expand Virginia Benefits Package in Merger Bid
NextEra Energy and Dominion Energy have sweetened their proposed merger with an expanded package of customer benefits and Virginia investment commitments as they seek regulatory approval. The revised deal doubles previously proposed residential bill credits from two years to four years, giving eligible customers $10 per month, or $480 in relief over the four-year period. The companies said they would work with the Virginia State Corporation Commission to redirect credits that otherwise would have gone to large-scale data centers toward residential customers, and they are offering another $100 million for Dominion's EnergyShare bill assistance program through 2038. NextEra would maintain Dominion's current Virginia employee headcount for five years and create 600 additional NextEra jobs, with suppliers expected to add another 400 positions, while a new NextEra office tower would be built beside Dominion's existing Richmond headquarters at shareholder expense to serve as a co-headquarters. Dominion Energy Virginia would remain separately regulated by the Virginia State Corporation Commission, which would continue to review and set base rates.
Sempra Signs Petrobras to 20-Year Port Arthur LNG Deal
Sempra Infrastructure has signed a 20-year sales and purchase agreement with Brazil's Petrobras for approximately 800,000 tonnes per year of liquefied natural gas from the Port Arthur LNG Phase 2 project in Jefferson County, Texas. Petrobras becomes the first South American company in Sempra Infrastructure's LNG customer portfolio. Port Arthur Phase 2 reached a final investment decision in September 2025 and is designed to add roughly 13 million tonnes per annum of liquefaction capacity through two additional trains, with capital spending estimated at around $12 billion plus approximately $2 billion for shared facilities with Phase 1. Trains 3 and 4 are expected to enter commercial service in 2030 and 2031, respectively, and once both phases are operational the Port Arthur complex could have approximately 26 million tonnes per year of LNG production capacity. Sempra had already lined up several major Phase 2 customers ahead of its investment decision, including ConocoPhillips with a 20-year agreement covering 4 Mtpa in August 2025, Japan's JERA with 1.5 Mtpa, and EQT with a 20-year agreement covering 2 Mtpa later that month.
NextEra and Dominion Sweeten Virginia Merger Deal With Jobs and Bill Credits
NextEra Energy and Dominion Energy announced Monday they will extend a $10 monthly residential bill credit in Virginia to four years from two years and add 600 new jobs as they seek approval to merge. The companies said the commitments, made in response to feedback from policymakers, also include a new shareholder-funded co-headquarters tower in downtown Richmond, more money toward workforce development, a $100 million increase to a low-income financial assistance program through 2038, and maintaining current Virginia employment levels for five years. The extended residential credit would largely be paid for by ending bill credits that previously would have gone to large data center customers, with NextEra CEO John Ketchum saying both companies believe data centers need to pay their own way. NextEra disclosed its plan to acquire Dominion in May, a deal the companies say would create the world's biggest regulated electric utility business by market capitalization. Virginia Governor Abigail Spanberger, who has formally intervened in the state regulatory proceedings and said she is deeply skeptical of the acquisition, is reviewing the proposal, while legislative leaders including House Speaker Don Scott and Senate Majority Leader Scott Surovell called it a step in the right direction. The Virginia State Corporation Commission will hold an evidentiary hearing in mid-November, and the companies expect the deal to close in the second half of 2027.
Dominion and NextEra Propose $1 Billion-a-Year Virginia Supplier Program
Dominion Energy and NextEra Energy said they would establish a Virginia supplier program worth up to $1 billion annually for five years if their proposed merger is approved. The program would direct spending toward contractors, suppliers and service providers in Virginia. The companies also proposed extending monthly $10 bill credits to four years from two and increasing Dominion's low-income financial assistance by $100 million through 2038. Their commitments include a $100 million workforce development fund, an annual energy summit in the state, and maintaining the current employee headcount there for five years, while the combined company would get a shareholder-funded co-headquarters tower in state capital Richmond. Virginia Governor Abigail Spanberger said in August she would intervene in regulatory review of the merger, pressing for commitments on power affordability, job protections and clean energy investments. Shareholders of both companies approved the proposed $66.8 billion merger earlier this month, and the deal, awaiting regulatory approvals, is expected to close in the second half of 2027.
NextEra and Dominion Expand Virginia Benefits Package for Proposed Merger
NextEra Energy and Dominion Energy announced an expanded Virginia benefits package tied to their proposed combination, doubling residential bill credits from two years to four years and adding 1,000 new direct jobs in the Commonwealth. The enhanced package would extend $10 per month in bill credits to four years by redirecting the portion of credits that would otherwise go to large-scale data centers toward residential customers, and would increase EnergyShare, Dominion Energy's shareholder-funded energy bill assistance program, by $100 million through 2038 while holding customers harmless from all merger costs. NextEra Energy would maintain current employee headcount levels in Virginia for five years, add 600 new NextEra Energy jobs in Virginia and work with suppliers expected to bring 400 additional jobs, and would build at shareholders' expense a new NextEra Energy office tower in Richmond beside the existing Dominion Energy headquarters as part of the combined company's co-headquarters. The companies would contribute $100 million to a Virginia workforce development fund and establish up to a $1 billion annual, five-year Virginia Supplier Program, and Dominion Energy Virginia would retain its name, local leadership under Ed Baine and accountability to the State Corporation Commission. The companies submitted additional information on the enhanced package to the SCC and continue to expect the transaction to close in the second half of 2027, subject to regulatory approvals and the expiration or termination of the Hart-Scott-Rodino waiting period.
U.S. appeals court strikes down DoE order keeping Michigan coal plant open
The U.S. Court of Appeals for the District of Columbia Circuit on Friday struck down the U.S. Department of Energy's emergency order that kept a Michigan coal plant running past its planned retirement date, ruling the order exceeded federal authority after state regulators had approved the retirement. The DoE issued the emergency order in May 2025 to keep CMS Energy's J.H. Campbell plant operating past its retirement date, saying it was necessary to provide stable energy to the grid, and the department has since reissued the emergency order six times. A three-judge panel of the D.C. Circuit sided with the environmental groups and the Michigan attorney general that challenged the order, saying there was no real emergency under the law. Consumers Energy has spent $259M so far to maintain the plant's operations beyond the original May 2025 retirement, which opponents of the order have said likely will be paid by families and businesses in the Midwest. The company said it is reviewing the court ruling but in the meantime will keep the plant operating under terms of the most recent DoE order that extends its directive through mid-November.
NextEra-Dominion Merger Advances After Shareholder Approval
Wynson Securities Limited announced continued progress toward the proposed all-stock combination of NextEra Energy and Dominion Energy following shareholder approval of the transaction by both companies on September 3, 2026. The combined company would serve approximately 10 million utility customer accounts across Florida, Virginia, North Carolina and South Carolina, with approximately 110 gigawatts of generation across natural gas, nuclear, renewable energy and battery storage, and more than 80% of its operations regulated. Under the terms of the agreement, Dominion Energy shareholders will receive 0.8138 shares of NextEra Energy for each Dominion Energy share they own, with NextEra Energy shareholders expected to own approximately 74.5% of the combined company and Dominion Energy shareholders approximately 25.5%. The companies have committed to providing $2.25 billion in shareholder-funded bill credits to Dominion Energy customers in Virginia, North Carolina and South Carolina over two years following completion, and have said merger-related costs will not be passed on to customers. The transaction remains subject to approvals from the Virginia State Corporation Commission, North Carolina Utilities Commission, Public Service Commission of South Carolina, Federal Energy Regulatory Commission and Nuclear Regulatory Commission, with closing currently expected in the second half of 2027.
Algonquin Power & Utilities Corp. has agreed to sell its approximately 64% interest in Chilean water utility Suralis S.A. to a fund managed by Toesca S.A. Administradora General de Fondos, which already owns about 30% of Suralis. The deal is expected to generate $126.5 million in proceeds, plus an earnout of up to $1.5 million, with closing anticipated within the next two quarters subject to merger-control approval. The company plans to use the proceeds for debt reduction and capital recycling into its $3.2 billion regulated capital plan for 2026 through 2028, but the base proceeds represent just under 4% of that three-year plan, so the sale is strategically coherent yet financially incremental. While the divestment reduces geographic and regulatory complexity, it also surrenders earnings from an established regulated water business, and the announcement did not quantify Suralis's earnings contribution or provide a transaction multiple. Hedge fund sentiment has weakened, with 24 funds holding AQN at the end of 2Q2026, down from 28 three months earlier.
Veolia Signs Three Strategic Agreements in Saudi Arabia
Veolia Environnement has signed three strategic memorandums of understanding with Acwa, Ma'aden, and Khazeen to accelerate environmental security in Saudi Arabia, focusing on water technologies and hazardous waste management. The agreements aim to preserve water resources, enhance energy efficiency, decarbonize industry, and develop local skills, aligning with Saudi Vision 2030 and Veolia's GreenUp program. With Acwa, a world-leading desalination company, Veolia will optimize desalination plant performance, potentially reducing emissions by 500,000 tons of CO2 per year. With Ma'aden, a major mining player, the partnership will improve water cycle and industrial waste management. With Khazeen, a GASCO subsidiary specializing in LPG storage, Veolia will deploy environmental technologies to support decarbonization and offer integrated facility management. Veolia has been present in Saudi Arabia since 1975 and continues to support the Kingdom's essential infrastructure.
California wildfire bill sinks PG&E, Edison, Sempra shares
PG&E, Edison International, and Sempra plunged 18.8%, 19.5%, and 3.9%, respectively, in pre-market trading Monday after California lawmakers introduced wildfire legislation that blocked Governor Gavin Newsom's proposal to prevent insurance companies from suing utilities for wildfire-related claims. Senate Bill 492, which lacks liability protection for utilities, would require PG&E to pay nearly 48% of the state's wildfire liability fund if it runs out of money, with costs not passable to ratepayers. PG&E, which emerged from bankruptcy in July 2020, said the bill does not adequately address financing risks, while Edison International criticized it for not providing a stable financing framework. Mizuho Securities downgraded all three utilities to Neutral from Outperform, and Wells Fargo and BMO Capital also cut PG&E, citing insufficient liability backstop and open-ended tail risk.
Ningbo Energy's 2026 interim net profit reaches 159 million yuan, up 12.87% year on year
Ningbo Energy released its 2026 interim report. Total operating revenue was 2.085 billion yuan, up 11.27% year on year. Net profit attributable to the parent company was 159 million yuan, up 12.87% year on year, marking a second consecutive year of growth. Net cash inflow from operating activities was 304 million yuan, up 25.07% year on year. The asset-liability ratio fell to 63.17%, and the gross margin was 21.09%, achieving four consecutive years of improvement. Diluted earnings per share were 0.13 yuan, up 6.73% year on year.
EVN AG Q3 Net Result Surges 21% to EUR525.1 Million
EVN AG reported a 21% year-over-year increase in group net result to EUR525.1 million for the first three quarters of fiscal 2025-2026, with EBITDA up approximately 5%. The company raised its full-year guidance for group net result to EUR470-490 million, reflecting positive one-off effects and strong performance. The Networks segment was a key driver, with EBITDA up 21% to EUR348 million, while the Generation segment saw a 42% decline to EUR76 million due to weak hydro conditions and lower prices. Net debt declined to EUR942 million, helped by the sale of the international project business, which contributed EUR206 million. CFO Alexandra Wittmann noted a negative fourth-quarter contribution of EUR35-55 million is expected due to seasonal factors, and confirmed plans to invest up to EUR1 billion annually until 2030.
Algonquin Power sells 64% stake in Chilean utility Suralis for $126.5M
Algonquin Power & Utilities announced post-market Friday an agreement to sell its approximately 64% ownership stake in Chilean water utility Suralis S.A. to Chilean asset manager Toesca S.A. Administradora General de Fondos. The company expects to receive $126.5 million in proceeds, plus an earnout opportunity of up to $1.5 million, with the funds earmarked for debt reduction and capital recycling into its $3.2 billion capital plan for 2026-2028. CEO Rod West said the transaction simplifies the company's geographic footprint while recycling capital into core regulated utility businesses.
Veolia Issues 1.15 Billion Euros in Two-Tranche Bond Sale
Veolia successfully tapped the bond market in a two-tranche transaction totaling €1.15 billion, comprising a 4-year bond for 650 million euros with a coupon of 3.678% and an 8-year bond for 500 million euros with a coupon of 4.088%. The operation attracted more than 250 orders, with overall demand peaking at 3.4 billion euros, reflecting strong oversubscription and investor confidence in Veolia's financial solidity and growth outlook. Deputy CEO Emmanuelle Menning highlighted the excellent terms achieved despite a busy market, attributing the response to trust in Veolia's business model as a global leader in ecological transformation. The company, which serves 110 million people with drinking water and generated €44.4 billion in revenue in 2025, continues to leverage favorable conditions for fundraising.
Indiana governor calls for investigation of NIPSCO over slow storm response
Indiana Governor Mike Braun called for an investigation of NiSource utility NIPSCO on Monday, as more than 9,000 homes and businesses remained without power nearly two weeks after severe storms caused widespread outages in northwest Indiana. Braun directed the Indiana Office of Utility Consumer Counselor to file a complaint with the Indiana Utility Regulatory Commission and petition for an investigation, saying NIPSCO has failed to keep its end of the bargain. The governor called for a review of whether NIPSCO properly cleared trees to protect power lines before the storms and whether money was used to improve aging infrastructure and vegetation management as promised. On Sunday, Braun deployed the Indiana National Guard to help clear the way for NIPSCO crews, and Exelon's ComEd sent dozens of crews to help assist in restoration efforts. NIPSCO, which provides power to about 500,000 electrical customers, has faced mounting criticism for slow restoration times following extreme high winds, tornadoes, and rainfall that hit the region on August 11, when about 75% of homes and businesses covered by the utility were affected by power outages.
Sempra completes sale of Ecogas Mexico for about $500 million
Sempra has completed the sale of its Ecogas México natural gas distribution business, generating approximately $500 million in U.S. dollar-equivalent proceeds. The divested network serves over 600,000 residential, commercial and industrial customers across the Mexicali, Chihuahua and La Laguna-Durango regions. The transaction advances Sempra's capital recycling program in support of its record five-year capital plan of approximately $65 billion, with more than 95% of planned investments directed toward regulated utility infrastructure. The Ecogas sale complements an agreement to sell a 45% equity interest in Sempra Infrastructure Partners to affiliates of KKR, which is expected to close in the third quarter of 2026. Together, these transactions are expected to support investments in Texas and California while reducing reliance on future common-equity issuances and supporting credit quality.
Algonquin Power Plans US Redomicile as Earnings Slip
Algonquin Power & Utilities announced plans to redomicile from Canada to Delaware with a new Chicago headquarters while reporting lower second-quarter earnings. GAAP net earnings fell to $4.9 million from $14.8 million a year earlier, and adjusted net earnings dropped to $29.2 million from $33.6 million. The company cited $25.7 million in favorable items in 2025 that did not repeat, a $17.2 million write-down tied to a California wildfire cost proceeding, and higher interest and operating expenses. Regulatory wins included $97 million in annualized revenue adjustments approved by Missouri and an $8.8 million adjustment in Kansas, plus new rate case filings seeking $38.1 million, $8.4 million, and $35.8 million. Management expects shareholder approval of the redomicile in the first half of 2027 and does not expect to issue equity through 2027.
NiSource Inc. reported second-quarter adjusted EPS of $0.16, down from $0.22 a year earlier, yet reaffirmed its 2026 adjusted EPS guidance of $2.02 to $2.07 and long-term growth rate of 6% to 8% through 2030. The company attributed the earnings decline to higher operations and maintenance spending tied to an unusually active storm season, calling 2026 a record year for tornadoes across its service territory, along with elevated costs to keep its workforce steady during ongoing union negotiations. NiSource also received a third federal order in June requiring it to keep running the Schahfer coal plant, and is seeking to recover those compliance costs through a FERC filing within 60 days. The company's growth story increasingly runs through data centers, with the Indiana Utility Regulatory Commission approving the original Amazon special contract in June and the Alphabet partnership in July, with load expected to ramp toward full capacity by 2030. Those two agreements alone are projected to return about $1.4 billion in bill reductions to existing NIPSCO electric customers over the life of the contracts, or up to $124 a year for an average residential bill, with savings starting as early as the fourth quarter of 2026.
Microsoft Accepts First 50MW of AI Cloud Capacity from IREN
Microsoft has accepted the first 50 megawatts of AI cloud capacity from IREN at the Childress campus under a multibillion dollar contract. The deployment is designed for hyperscale AI workloads and forms part of Microsoft's buildout of next generation cloud infrastructure. IREN has received NVIDIA Exemplar Cloud status in connection with the project, alongside a sizable financing package to fund the build.
Ameren Corporation's board of directors declared a quarterly cash dividend of 75 cents per share on its common stock. The dividend is payable September 30, 2026, to shareholders of record at the close of business on September 8, 2026. Separately, the boards of Union Electric Company, doing business as Ameren Missouri, and Ameren Illinois Company declared regular quarterly cash dividends on all classes of their preferred stock, payable November 15 and November 1, 2026, respectively.
Dalian Thermal Power turns to profit with net income of 50.135 million yuan in 2026 interim report
Dalian Thermal Power released its 2026 interim report, with net profit attributable to the parent company of 50.135 million yuan, an increase of 90.8241 million yuan compared with the same period last year, turning losses into profits. The company's total operating revenue was 380 million yuan, a slight year-on-year increase of 0.17 percent. Net cash outflow from operating activities was 182 million yuan, narrower than the same period last year. The company's latest asset-liability ratio was 84.15 percent, gross margin was 18.38 percent, return on equity was 13.95 percent, and diluted earnings per share was 0.12 yuan.
Dalian Thermal Power 2026 Interim Report Net Profit of 50.135 Million Yuan, Turning Loss into Profit Year-on-Year
Dalian Thermal Power released its 2026 interim report, with net profit attributable to the parent company of 50.135 million yuan, turning from loss to profit year-on-year. The company's total operating revenue was 380 million yuan, up 0.17% from the same period last year. Net cash outflow from operating activities was 182 million yuan, narrowing from the same period last year. The company's latest asset-liability ratio was 84.15%, gross margin was 18.38%, and ROE was 13.95%.
Four Dividend Kings Report Earnings: BDX, ED, EMR, PH
Four Dividend Kings—Becton, Dickinson and Company, Consolidated Edison, Emerson Electric, and Parker-Hannifin—reported quarterly earnings last week, with all four currently carrying a Zacks Rank #3 (Hold). Becton Dickinson beat fiscal third-quarter adjusted earnings estimates with $3.23 per share versus $3.14 expected, raised its fiscal 2026 adjusted EPS midpoint to $12.62-$12.72, and saw year-to-date free cash flow rise over 44% to $1.7 billion. Consolidated Edison posted second-quarter adjusted earnings of 83 cents per share, ahead of the 74-cent estimate, and reaffirmed its fiscal 2026 adjusted EPS guidance of $6.00-$6.20 while planning nearly $38 billion in capital expenditures from 2026 through 2030. Emerson Electric's fiscal third-quarter adjusted EPS rose over 12% to $1.71, beating estimates by 3 cents, and the company raised its fiscal 2026 outlook to approximately $19 billion in net sales and adjusted EPS of around $6.55. Parker-Hannifin's fiscal fourth-quarter adjusted earnings surged 20% to $9.27 per share, easily topping the $8.29 estimate, with orders soaring 19% year over year, and management guided fiscal 2027 adjusted EPS to $34.25-$35.25 excluding pending acquisitions.
Dalian Thermal Power swings to net profit of 50.135 million yuan in first half of 2026
Dalian Thermal Power disclosed its semi-annual report for 2026, achieving a net profit attributable to the parent company of 50.135 million yuan in the first half, turning from a loss to a profit year on year. The company's total operating revenue for the same period was 380 million yuan, up 0.17 percent year on year. Non-recurring net profit was 44.8369 million yuan, also turning from a loss to a profit. Basic earnings per share were 0.124 yuan, and the weighted average return on equity was 15.11 percent. Net cash flow from operating activities was negative 182 million yuan, compared with negative 201 million yuan in the same period last year.
Dalian Thermal Power First-Half Net Profit 50.135 Million Yuan, Turns Profitable Year-on-Year
Dalian Thermal Power disclosed its semi-annual report, achieving a net profit attributable to the parent company of 50.135 million yuan in the first half of 2026, compared with a loss of 40.6891 million yuan in the same period last year, turning losses into profits year-on-year. The company's operating revenue in the first half was 380 million yuan, up 0.17 percent year-on-year; basic earnings per share were 0.124 yuan. During the reporting period, electricity sales reached 82.69 million kilowatt-hours, a decrease of 16.69 million kilowatt-hours year-on-year; steam sales were 4,000 tons, unchanged year-on-year; high-temperature water sales were 770,000 gigajoules, an increase of 138,000 gigajoules year-on-year.
NiSource Inc. declared a quarterly common stock dividend of $0.30 per share, payable November 20, 2026, to stockholders of record on October 30, 2026. The announcement was made by the company's board of directors on August 11, 2026. NiSource is a fully-regulated utility serving approximately 3.3 million natural gas and 500,000 electric customers across six states.
PSEG Reaffirms 2026 Earnings Guidance and Plans Year-End Rate Case Filing
Public Service Enterprise Group reported second-quarter 2026 net income of $0.67 per share and non-GAAP operating earnings of $0.86 per share, and reaffirmed its full-year non-GAAP operating earnings guidance of $4.28 to $4.40 per share. PSE&G, the utility subsidiary, posted net income and non-GAAP operating earnings of $342 million, up from $332 million a year earlier, driven by investments in energy efficiency and gas system modernization. The company also reaffirmed its 5-year non-GAAP operating earnings growth outlook of 6% to 8% through 2030, supported by a $24 billion to $28 billion capital investment plan that requires no new equity or asset sales. PSE&G anticipates filing a base rate case by year-end 2026 to update rates, citing growing regulatory lag and the need to align with the state's review of the utility business model under Executive Order 1. On the generation side, PSEG Power cleared 3,600 megawatts of nuclear capacity in PJM's latest auction at $325 per megawatt-day and is pursuing bilateral contract opportunities under PJM's reliability backstop procurement process.
Black Hills Reports Higher Second Quarter Sales and Net Income
Black Hills reported higher second quarter 2026 sales and net income compared with the same period a year earlier, moving the stock back onto investor watchlists. The company affirmed its dividend, and analysts following Black Hills see a fair value of about $83.40 per share, above the latest close of $74.65, underpinned by regulated growth projects and a pending merger with NorthWestern Energy. Large-scale capital investments including the Ready Wyoming transmission expansion, Lange II natural gas generation, and Colorado Clean Energy Plan renewables projects are expected to materially expand the regulated rate base. The current price-to-earnings ratio of 19 times sits slightly above the global Integrated Utilities average of 18.7 times yet below the peer average of 21.2 times and an estimated fair ratio of 25.1 times.
Black Hills reports higher Q2 earnings and affirms steady dividend
Black Hills Corporation reported second-quarter 2026 sales of US$452.8 million and net income of US$38.2 million, while affirming a quarterly dividend of US$0.703 per share payable on September 1, 2026. The higher earnings and maintained dividend highlight the company's ability to support shareholder payouts while improving profitability year over year. The results support the income-focused thesis but do not materially change the near-term catalyst around executing major projects or the key risk of heavy capital spending pressuring cash flows if cost recovery or data center demand disappoint.
NiSource reaffirms 2026 outlook despite lower Q2 adjusted EPS
NiSource reported second-quarter 2026 adjusted earnings of $0.16 per share, down from $0.22 a year earlier, while reaffirming its full-year adjusted EPS guidance of $2.02 to $2.07 and long-term growth targets. The company maintained its five-year capital plan, which includes $21 billion in base-business investment, up to $2 billion in additional opportunities, and $7.6 billion in planned GenCo investment tied to data-center agreements with Amazon and Alphabet. Those agreements represent 4 gigawatts of signed load and are expected to reduce NIPSCO customers' bills by approximately $1.4 billion, with savings potentially beginning in the fourth quarter of 2026. Management said a recent Indiana regulatory order on gas modernization investments did not alter its capital spending, earnings outlook, or rate-case timing.
Dominion Energy Resets CVOW Schedule by Six Months, Raises Cost Estimate to $11.65 Billion
Dominion Energy used its second-quarter 2026 earnings call to announce a six-month delay for the Coastal Virginia Offshore Wind project, pushing the final turbine installation to year-end 2027 and increasing the total cost estimate by about 2% to $11.65 billion. The company reaffirmed its 2026 operating earnings guidance of $3.45 to $3.69 per share, with a $3.57 midpoint, and reported second-quarter operating earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.73. CFO Steven Ridge highlighted more than 53 gigawatts of data center capacity in contracting stages, including 12 gigawatts under electric service agreements, with contracts increasing by more than five gigawatts since year-end. CEO Robert Blue said state and federal applications have been filed for the proposed NextEra Energy combination, which includes $2.25 billion of shareholder-funded bill credits for Dominion customers, with Virginia hearings beginning November 17. The company also addressed grid reliability after a rare transmission fault prompted data centers to switch to backup power, with no significant incremental grid investment expected.
Con Edison Q2 profit rises 25% on higher electric and gas rate base
Consolidated Edison reported second-quarter 2026 net income of $308 million, up from $246 million a year earlier, as higher electric and gas rate bases boosted earnings at its main New York utility business. Earnings per share rose to $0.83 from $0.68 in the second quarter of 2025, while adjusted earnings were also $308 million, or $0.83 per share, compared with $240 million, or $0.67 per share, a year earlier. The biggest contributor was Consolidated Edison Company of New York, or CECONY, which added $74 million to the year-over-year increase in quarterly net income, with higher electric rate base and rate timing contributing $25 million and higher gas rate base and rate timing adding $23 million. Con Edison reaffirmed its full-year 2026 adjusted earnings guidance of $6.00 to $6.20 per share.
Black Hills Corp Reaffirms 2026 EPS Guidance and Advances 3 GW Data Center Pipeline
Black Hills Corp reaffirmed its 2026 adjusted EPS guidance of $4.25 to $4.45, representing 6% growth at the midpoint, and expects to deliver in the upper half of its 4% to 6% long-term growth target. The company reported second-quarter adjusted EPS of $0.54, up from $0.38 a year earlier, driven by $0.21 per share from new rates and rider recovery. Its large load demand pipeline exceeds 3 gigawatts, with 600 megawatts already in the financial plan and over 2.5 gigawatts of additional opportunities under active negotiation, including a 1.8 gigawatt data center project in advanced talks. The pending merger with Northwestern Energy has received six of seven required approvals, with a decision in Montana expected by mid-October to mid-November. Black Hills also maintains strong liquidity of over $650 million under its revolving credit facility and a 56-year track record of consecutive dividend increases.
Con Edison reports second-quarter net income of $308 million, reaffirms 2026 adjusted EPS guidance
Consolidated Edison reported 2026 second-quarter net income for common stock of $308 million, or $0.83 per share, up from $246 million, or $0.68 per share, a year earlier. Adjusted earnings were $308 million, or $0.83 per share, compared with $240 million, or $0.67 per share, in the 2025 second quarter. For the first six months, net income was $1.232 billion, or $3.37 per share, versus $1.038 billion, or $2.93 per share, while adjusted earnings reached $1.098 billion, or $3.00 per share, up from $1.032 billion, or $2.91 per share. The company reaffirmed its full-year 2026 adjusted earnings per share guidance of $6.00 to $6.20, excluding items such as the gain on the sale of its equity interest in Mountain Valley Pipeline and transaction costs tied to a strategic review of its interests in MVP and Honeoye Storage. Chairman and CEO Tim Cawley highlighted continued investment in reliability and system resilience, while CFO Kirk Andrews noted that year-to-date results remain in line with expectations and that the company plans to bring 28 new substations into service by 2035 alongside tens of billions of dollars in additional capital investments.
Sempra Energy second-quarter profit rises to $796 million
Sempra Energy reported a second-quarter profit of $796 million, or $1.21 per share, up from $461 million, or $0.71 per share, a year earlier. Excluding items, adjusted earnings were $762 million, or $1.16 per share. Revenue edged down 0.1% to $2.997 billion from $3.000 billion. The company issued full-year EPS guidance of $4.80 to $5.30 and a 2027 EPS range of $5.10 to $5.70, while affirming a projected long-term EPS growth rate of 7% to 9%.
NiSource Reaffirms 2026 EPS Guidance and Long-Term Growth Rates
NiSource reaffirmed its 2026 adjusted EPS guidance of $2.2 to $2.7 per share and long-term growth rates of 6% to 8% through 2030, reflecting confidence in its financial plan. The company secured regulatory approvals for its Amazon and Alphabet data center agreements in Indiana, which are expected to provide approximately $1.4 billion in bill relief for existing customers. NiSource has a robust data center pipeline with 3 gigawatts in active negotiations and line of sight to 2 gigawatts of additional potential customers, supporting future growth. The company is advancing cost optimization initiatives, including over $40 million in 2026, to reduce costs for customers and improve operational efficiency. NiSource continues to see strong economic development momentum across its service territories, with major projects like aerospace and defense investments bringing new jobs and growth.