Chesapeake Utilities Corporation Announces Quarterly Dividend

(NYSE:CPK) Chesapeake Utilities Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.735 per share on the company's common stock. The dividend will be paid on January 5, 2027, to all shareholders of record at the close of business on December 15, 2026. With this dividend payment, Chesapeake Utilities Corporation will have paid dividends to its shareholders without interruption for 66 years. The company has increased its annualized dividend every year since 2004. The announcement was made following a Board of Directors meeting held on November 5, 2026. Chesapeake Utilities Corporation is listed on the New York Stock Exchange under the ticker NYSE:CPK. The company provides energy delivery services, including natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, and mobile compressed natural gas utility services and solutions. The dividend applies to the company's common stock. The record date for shareholders to be eligible for the dividend is December 15, 2026. The payment date for the dividend is January 5, 2027. The company highlights its long-standing history of uninterrupted dividend payments and consistent annualized dividend increases since 2004.

Arqiva Financing Plc — Arqiva signs DCC contract through to 2037

(LSE:20CA) Arqiva has signed a contract with the Data Communications Company (DCC) to provide smart-meter communications services across Scotland and Northern England through to 2037. The contract covers approximately 4 million homes and businesses. The agreement includes upgrades to maintain services as the sector migrates to a 4G national solution. This arrangement is designed to preserve long-term revenue visibility and asset utilisation for Arqiva. The contract is linked to DCC’s national platform, which covers approximately 39 million smart meters. The agreement follows DCC2’s licence transfer, which is scheduled for 2 November 2026. The contract reinforces Arqiva’s role in the UK smart-meter network. The arrangement supports operational continuity for Arqiva’s long-range radio network. The contract term extends to 2037. The agreement includes provisions for service upgrades as the sector transitions to new technology. The contract is intended to ensure continued communications coverage for smart meters in the specified regions. The arrangement is expected to support Arqiva’s long-term business model. The contract is part of the ongoing evolution of the UK’s smart-meter infrastructure.

MDU Resources Reports Third Quarter 2026 Results; Reaffirms Guidance

(NYSE:MDU) MDU Resources Group, Inc. reported consolidated net income of $14.0 million for the third quarter of 2026, compared with $18.4 million in the same quarter last year. Earnings per share for the quarter were $0.07, compared with $0.09 in the third quarter of 2025. Adjusted earnings per share were $0.08, compared with $0.09 in the third quarter of 2025. For the nine months ended September 30, 2026, net income was $116.1 million, compared with $114.1 million for the same period in 2025. Diluted earnings per share for the nine months were $0.55, compared with $0.56 in 2025. Adjusted net income for the nine months was $119.4 million, compared with $114.1 million in 2025, and adjusted earnings per share were $0.57, compared with $0.56. Adjusted results exclude costs associated with the discontinued Knott Landfill renewable natural gas project and advisory costs for Bakken East. The company reaffirmed its 2026 guidance, expecting earnings per share in the range of $0.93 to $1.00. On September 30, 2026, the board made a positive final investment decision to proceed with WBI Energy's Bakken East Pipeline. The estimated capital investment range for Bakken East Pipeline has been narrowed to $2.8 billion to $3.1 billion, from a previous estimate of $2.7 billion to $3.2 billion. The pipeline will be approximately 350 miles long, with an initial capacity of 1.4 billion cubic feet of natural gas per day, and is subject to regulatory approval. Construction is expected during the 2028-2030 seasons, with phase one targeted for completion in late 2029 and phase two in late 2030. The electric utility segment earned $26.5 million in the third quarter of 2026, up from $21.5 million in the third quarter of 2025, a 23.6% increase. New rates contributed $7.1 million in revenue, and Badger Wind Farm contributed $3.2 million in earnings for the quarter. Total retail electric sales increased 9.3%, and sales to data center customers increased 18.4% compared to the same quarter in 2025. In North Dakota, an electric general rate case filed June 30, 2026, requested an annual revenue increase of $34.5 million, with interim rates reflecting a $26.3 million annual increase effective September 1, 2026, subject to refund. In Montana, a settlement agreement for a $10.0 million annual revenue increase is pending approval, with interim rates of $10.4 million effective since April 1, 2026, subject to refund. In Wyoming, final electric rates reflecting a $5.8 million annual increase became effective April 1, 2026. The natural gas distribution segment recorded a net loss of $20.7 million in the third quarter of 2026, compared with a net loss of $18.2 million in the third quarter of 2025. New rates contributed $6.5 million in additional revenue, and retail sales volumes increased 7.1%. The segment incurred a $2.1 million net of tax loss related to the discontinued Knott Landfill renewable natural gas project. In Washington, a multiyear natural gas rate case filed May 29, 2026, requests annual revenue increases of $25.1 million in year one and $18.1 million in year two. In Idaho, final rates reflecting a $13.0 million annual revenue increase have been in effect since January 1, 2026. In Oregon, a $12.2 million annual revenue increase has been approved, with final rates effective October 31, 2026. In Minnesota, a natural gas rate case filed October 30, 2026, requests a $4.5 million annual revenue increase, with an interim increase of $3.9 million pending approval. The pipeline segment earned $13.1 million in the third quarter of 2026, compared with $16.8 million in the third quarter of 2025. The FERC Section 7(c) application for Bakken East Pipeline is anticipated to be filed in the fourth quarter of 2026. The Line Section 32 Expansion Project filed its FERC Section 7(c) application in March 2026 and targets a late-2028 in-service date. The Minot Industrial Project is in development, with an agreement for cost recovery protections extended through late 2026. WBI Energy filed a FERC rate case on May 29, 2026, seeking a $31 million annual revenue increase, with approximately 30% due to proposed new depreciation and amortization rates. The proposed rates were accepted and suspended by FERC on June 30, 2026, to become effective December 1, 2026, subject to refund and hearing procedures if a settlement is not reached. MDU Resources' long-term earnings-per-share growth objective remains 6% to 8%.

Southern Company reports third-quarter 2026 earnings

(NYSE:SO) Southern Company reported third-quarter 2026 earnings of $2.0 billion, or $1.77 per share, compared to $1.7 billion, or $1.55 per share, in the third quarter of 2025. For the nine months ended September 30, 2026, earnings were $4.6 billion, or $4.02 per share, versus $3.9 billion, or $3.56 per share, for the same period in 2025. Excluding certain items, third-quarter 2026 net income was $2.2 billion, or $1.94 per share, compared to $1.8 billion, or $1.60 per share, in the prior year. For the nine months ended September 30, 2026, net income excluding items was $5.0 billion, or $4.40 per share, compared to $4.1 billion, or $3.76 per share, in 2025. Third-quarter 2026 operating revenues were $8.8 billion, up from $7.8 billion in the third quarter of 2025, representing a 13.0% increase. Year-to-date operating revenues for 2026 were $24.2 billion, compared to $22.6 billion for the same period in 2025, a 7.3% increase. Average shares outstanding for the third quarter of 2026 were 1,157 million, and 1,139 million for the nine months ended September 30, 2026. Net income as reported for the third quarter of 2026 by segment was: Traditional Electric Operating Companies $2,272 million, Southern Power $52 million, Southern Company Gas $21 million, and Parent Company and Other $(299) million, totaling $2,046 million. For the nine months ended September 30, 2026, net income as reported by segment was: Traditional Electric Operating Companies $4,654 million, Southern Power $30 million, Southern Company Gas $593 million, and Parent Company and Other $(700) million, totaling $4,577 million. Adjusted earnings drivers for the third quarter of 2026 included warmer weather, increased usage and customer growth, higher revenue from large commercial and industrial customers, and higher earnings from Southern Power, partially offset by higher non-fuel operating expenses, taxes other than income taxes, and dilution from additional shares outstanding. Chris Womack, chairman, president and CEO, stated that Southern Company is well positioned to serve growing demand in the Southeast with a customer-focused strategy. A financial analyst call with Chris Womack and CFO David P. Poroch was scheduled for 1 p.m. Eastern Time, with a webcast and slides available at investor.southerncompany.com. A replay of the webcast will be available for 12 months. The company serves 9 million customers across the Southeast and beyond through its family of companies, including electric operating companies in three states and natural gas distribution companies in four states.

Duke Energy reports third-quarter 2026 financial results

(NYSE:DUK) Duke Energy has posted its third-quarter 2026 financial results in a news release available on the company's website. Harry Sideris, president and chief executive officer, and Brian Savoy, executive vice president and chief financial officer, will discuss the company's financial results and other business and financial updates during an investor presentation at 10 a.m. ET on November 5, 2026. The investor call can be accessed via the investors' section of Duke Energy's website or by dialing 833.461.5787 in the U.S. or 585.542.9983 outside the U.S., using confirmation code 463805206. Participants are advised to call in 10 to 15 minutes prior to the scheduled start time. A recording of the webcast will be available on the investors' section of the company's website on November 6, 2026. Duke Energy is a Fortune 150 company and is described as one of America's largest energy holding companies. The company's electric utilities serve 8.7 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. Duke Energy collectively owns 55,700 megawatts of energy capacity. Its natural gas utilities serve 1.6 million customers in North Carolina, South Carolina, Ohio and Kentucky. The company is executing an energy modernization strategy, investing in electric grid upgrades and efficient generation resources to strengthen the system and serve growing energy needs.

DTE Energy Board of Directors declares quarterly dividend

(NYSE:DTE) DTE Energy announced that its Board of Directors has declared a $1.245 per share dividend on its common stock. The dividend is payable on January 15, 2027, to shareholders of record at the close of business on December 21, 2026. DTE Energy is a diversified energy company with a history of issuing cash dividends for more than 100 years. The company operates an electric utility serving 2.3 million customers in Southeast Michigan. DTE also operates a natural gas utility serving 1.4 million customers across Michigan. The company's portfolio includes businesses focused on custom energy solutions, renewable energy generation, and energy marketing and trading. DTE Energy has accelerated its carbon reduction goals to meet aggressive targets. The company is committed to serving its communities through volunteerism, education and employment initiatives, philanthropy, emission reductions, and economic progress. The announcement reiterates DTE Energy's ongoing commitment to shareholder returns and community engagement.

Black Hills Corp. Reports 2026 Third-Quarter Results and Reaffirms 2026 Earnings Guidance

(NYSE:BKH) Black Hills Corp. announced financial results for the third quarter ended September 30, 2026. For the three months ended September 30, 2026, GAAP net income available for common stock was $41.0 million, compared to $24.9 million in the same period in 2025. GAAP diluted earnings per share (EPS) for the quarter was $0.54, up from $0.34 in 2025. Non-GAAP adjusted earnings for the quarter were $43.6 million, compared to $32.5 million in 2025, and adjusted EPS was $0.57, up from $0.45. For the nine months ended September 30, 2026, GAAP net income was $210.2 million versus $186.6 million in 2025, and GAAP diluted EPS was $2.76 compared to $2.58. Non-GAAP adjusted earnings for the nine months were $220.2 million, up from $194.2 million, and adjusted EPS was $2.89, up from $2.68. Merger-related costs were $0.03 and $0.13 per share for the three and nine months ended September 30, 2026, respectively, compared to $0.10 and $0.11 per share in the same periods in 2025. Third-quarter adjusted EPS benefited from $0.15 per share of new rates and rider recovery and $0.06 per share of weather favorability, offsetting higher operating, financing, and depreciation costs. Year-to-date adjusted EPS benefited from $0.63 per share of new rates, rider recovery, and customer growth, offsetting $0.12 per share of unfavorable weather and higher costs. Black Hills Corp. signed definitive agreements through 2048 with Google and other partners to serve a planned data center in Cheyenne, Wyoming, with earnings expected to begin mid-2027 and increase to approximately $150 million of net income in 2030, based on $1.8 billion investment in 564 MW of new generation and microgrid management fees. The project is contracted to be served through 2.7 GW of resources, including 2.1 GW of third-party contracted resources, and is forecasted to generate unlevered free cash flow of approximately $2.4 billion after netting out $1.8 billion of investment through 2048. Black Hills requested Certificates of Public Convenience and Necessity (CPCNs) for $686 million of electric transmission expansion investments in Wyoming. Additional investment of $2.5 billion in generation and transmission to serve large-load data center demand in Wyoming is identified as significant upside to the current plan. The 99-MW Lange II generation facility is on track to be in service in the fourth quarter of 2026 in South Dakota. South Dakota Electric received approval for a settlement providing $27.4 million in new annual revenue, with a four-year base rate moratorium until August 2030 and new rates effective December 2026. South Dakota Electric also received approval from the Wyoming Public Service Commission for a settlement providing $4.0 million in new annual revenue, with new rates effective December 1, 2026. Wyoming Electric filed for a new Large Customer Transmission Cost Adjustment Mechanism (LCTCAM) and CPCNs for two transmission projects totaling $686 million. The South Cheyenne Transmission Project is an $80 million project with phased service in late 2027 through 2028. The Aeolus Transmission Project is a $606 million project with completion expected by mid-2029. Colorado Electric filed its 2026 Clean Energy Plan, proposing 100 MW of wind, 200 MW of battery storage, and 125 MW of natural gas-fired generation. Colorado Electric also filed a rate review seeking approval to recover $184 million of investments and $26.7 million of new annual revenue. Arkansas Gas received approval for new rates to recover $147 million of system investments, providing $17.9 million of new annual revenue, effective October 12, 2026. Black Hills’ board approved a quarterly dividend of $0.703 per share, payable December 1, 2026, marking 56 consecutive years of increases. Year to date, the company issued 1.0 million shares for net proceeds of $69 million under its at-the-market equity offering program. Black Hills reaffirmed its 2026 adjusted EPS guidance of $4.25 to $4.45, assuming normal weather, constructive regulatory outcomes, a 3.5% increase in operations and maintenance expense off 2025’s $580 million, equity issuance between $50 million and $70 million, and an effective tax rate of approximately 14%. The merger with NorthWestern Energy, announced August 19, 2025, is expected to close by year-end 2026, pending final regulatory approval from the Montana Public Service Commission; all other approvals and conditions have been satisfied.

Eversource Energy Reports Third Quarter 2026 Results

(NYSE:ES) Eversource Energy reported GAAP earnings of $346.0 million, or $0.92 per share, for the third quarter of 2026. This compares to GAAP earnings of $367.5 million, or $0.99 per share, and non-GAAP recurring earnings of $442.5 million, or $1.19 per share, in the third quarter of 2025. For the first nine months of 2026, GAAP earnings were $1.01 billion, or $2.67 per share, compared to $1.27 billion, or $3.44 per share, for the same period in 2025. Non-GAAP recurring earnings for the first nine months of 2026 were $1.33 billion, or $3.52 per share, versus $1.35 billion, or $3.64 per share, in the first nine months of 2025. GAAP results for the first nine months of 2026 include a non-cash, after-tax charge of $111.4 million, or $0.30 per share, related to the sale of Aquarion Water Company on June 30, 2026; an after-tax charge of $164.0 million, or $0.43 per share, related to increased expected future payments for the offshore wind divestiture as part of the September 30, 2024, sale of South Fork Wind and Revolution Wind; and an after-tax charge of $43.9 million, or $0.12 per share, related to estimated refunds from the March 19, 2026, FERC decision reducing the ROE rate for New England transmission owners from 10.57% to 9.57%. GAAP results for the first nine months of 2025 included an aggregate net after-tax loss of $75.0 million, or $0.20 per share, related to an increase in the offshore wind contingent liability, net of tax benefits from tax losses on the sale of offshore wind projects. Eversource updated its 2026 non-GAAP recurring earnings guidance to a range of $4.62 to $4.70 per share, with a midpoint of $4.66 per share, and reaffirmed its cumulative long-term earnings per share growth rate of 5 to 7 percent through 2030, using the revised 2026 guidance midpoint as the base year. The company expects annual earnings growth toward the upper half of its long-term guidance by 2028. The transmission segment, excluding the FERC ROE refund charge, earned $182.0 million in Q3 2026 and $590.0 million in the first nine months of 2026, compared to $185.5 million and $593.0 million, respectively, in 2025. The electric distribution segment earned $200.9 million in Q3 2026 and $574.1 million in the first nine months of 2026, compared to $221.6 million and $571.6 million, respectively, in 2025. The natural gas distribution segment had a loss of $43.4 million in Q3 2026 and earned $281.6 million in the first nine months of 2026, compared to a loss of $16.8 million and earnings of $236.9 million, respectively, in 2025. The water distribution segment, excluding the Aquarion sale charge, earned $17.9 million in the first nine months of 2026, compared to $36.8 million in the first nine months of 2025. Parent and other companies, excluding offshore wind contingent liability increases, earned $6.5 million in Q3 2026 and had a loss of $137.8 million in the first nine months of 2026, compared to earnings of $33.3 million and a loss of $92.2 million, respectively, in 2025. Eversource has approximately 377 million common shares outstanding and serves more than 4 million electric and natural gas customers in Connecticut, Massachusetts, and New Hampshire. Joe Nolan, Chairman, President and CEO, stated that the company continues to execute on strategic initiatives, deliver safe and reliable energy service, and invest in infrastructure. He highlighted a constructive decision from PURA on deferred storm costs, providing a path to securitization for Connecticut customers. The company will webcast a conference call with senior management on November 5, 2026, at 9 a.m. Eastern Time.

Southwest Gas Holdings, Inc. Reports Third Quarter 2026 Financial Results, Reaffirms Full-Year 2026 Guidance

(NYSE:SWX) Southwest Gas Holdings, Inc. reported results for its third quarter and nine months ended September 30, 2026. The company completed its Nevada and California rate cases, resulting in approximately $80 million of combined annual revenue increases. In Arizona, Commission Staff recommended $58 million of incremental annual revenue, a 9.75% return on equity, and a transition to a formula-rate model, with a hearing scheduled for December and anticipated new rates effective in April 2027. The Great Basin 2028 Expansion Project advanced with key resource reports filed and a draft FAST-41 application submitted, with the CPCN filing on track for the fourth quarter of 2026. For the three months ended September 30, 2026, contribution to net income from natural gas distribution was $13,254,000, and for the nine months ended September 30, 2026, it was $191,782,000. Net income attributable to Southwest Gas Holdings was $12,783,000 for the quarter and $193,279,000 for the nine months. Adjusted net income from continuing operations was $14,720,000 for the quarter and $195,358,000 for the nine months. Consolidated earnings per diluted share were $0.18 for the quarter and $2.66 for the nine months, while adjusted consolidated earnings per diluted share from continuing operations were $0.20 for the quarter and $2.69 for the nine months. The company ended the quarter with nearly $0.7 billion in available liquidity. Southwest Gas invested nearly $806 million in infrastructure modernization and expansion during the first nine months of 2026, including approximately $148 million toward the Great Basin 2028 expansion project. Gross margin was $115.1 million for the quarter and $571.1 million for the nine months, with operating margin of $278.1 million for the quarter and $1.1 billion for the nine months. The Nevada rate case provided nearly $48 million of incremental annual revenue, maintaining a 9.5% authorized return on equity and a 51.35% equity / 48.65% debt capital structure. The California rate case resulted in $32.6 million of incremental annual revenue, with a 10% return on equity and a 50% equity / 50% debt capital structure. The Great Basin 2028 Expansion Project is estimated at $2.3 billion and is expected to generate approximately $270 million to $300 million of incremental annual margin beginning at the expected fourth quarter 2028 in-service date. Shippers have executed binding precedent agreements and posted surety supporting 1 Bcf per day of contracted demand, with Transportation Service Agreements to be executed for a minimum term of 20 years upon FERC approval. Capital spending for the project is expected to be approximately 15% in 2026, 25% in 2027, and 60% in 2028. Additional non-binding expressions of interest for 1.8 Bcf per day for in-service dates from 2029 through 2035 have been received. The company delivered an 8.0% Utility return on period-end equity over the 12 months ended September 30, 2026. Year-to-date O&M remained relatively flat, and the company continues to target flat O&M on a per customer basis.

Avista Corp. Reports Q3 2026 Financial Results, Confirms 2026 Utility Earnings Guidance

(NYSE: AVA) Avista Corp. reported GAAP net income of $49 million for the third quarter of 2026, compared to $29 million in the third quarter of 2025, and $176 million for the nine months ended September 30, 2026, compared to $122 million for the same period in 2025. GAAP earnings per diluted share were $0.57 for the third quarter of 2026 and $0.36 for the third quarter of 2025, and $2.11 for the nine months ended September 30, 2026, compared to $1.51 for the same period in 2025. Non-GAAP utility earnings were $33 million for the third quarter of 2026 and $30 million for the third quarter of 2025, and $147 million for the nine months ended September 30, 2026, compared to $135 million for the same period in 2025. Non-GAAP utility earnings per diluted share were $0.38 for the third quarter of 2026 and $0.37 for the third quarter of 2025, and $1.76 for the nine months ended September 30, 2026, compared to $1.67 for the same period in 2025. Avista Corp. confirmed its 2026 non-GAAP utility earnings guidance with a range of $2.52 to $2.72 per diluted share. CEO Heather Rosentrater stated that utility earnings for the third quarter remain on track for the year and the company continues to expect to be at the midpoint of its non-GAAP utility earnings guidance for 2026. Net income increased primarily due to investment performance at other businesses, with year-to-date net investment gains in 2026 compared to net investment losses in 2025, and impacts from general rate cases. The ERM resulted in a $10 million pre-tax expense for the first three quarters of 2026, compared to a $13 million pre-tax expense in the same period in 2025. Income at non-regulated other businesses was $29 million in the first three quarters of 2026, compared to losses of $13 million in the first three quarters of 2025, primarily due to net investment gains from equity method investments. As of September 30, 2026, Avista Corp. had $168 million of available liquidity under its committed line of credit and $57 million under its letter of credit facility. The company expects to issue up to $15 million of additional common stock in 2026 and up to $110 million in 2027, having already issued $58 million of common stock and $230 million of long-term debt in the first three quarters of 2026. No further long-term debt issuances are expected in 2026, but a short-term loan of up to $100 million is planned by the end of the fourth quarter of 2026 due to increased regulatory deferrals and delayed recovery. In 2027, Avista expects to issue approximately $220 million of long-term debt. Avista Utilities' capital expenditures were $496 million in the first three quarters of 2026. Expected base annual capital expenditures for Avista Utilities are $615 million in 2026, $635 million in 2027, $800 million in 2028, $680 million in 2029, $710 million in 2030, and $750 million in 2031. The 2026 non-GAAP utility earnings guidance is based on assumptions including normal weather, a negative ERM impact of ($0.09) per diluted share, an effective tax rate of 12 percent, and capital expenditures of $615 million for the year. Over the long term, Avista expects non-GAAP utility earnings to grow 4 to 6 percent from the midpoint of its 2025 earnings guidance. Avista Utilities provides electric service to approximately 430,000 customers and natural gas to 385,000 customers. AEL&P, a subsidiary of AERC, provides retail electric service to 18,000 customers in Juneau, Alaska.

Duke Energy Florida customers to see lower rates in 2027

(NYSE:DUK) Duke Energy Florida will lower electricity rates for its customers in 2027 following approval from the Florida Public Service Commission. Typical residential customers using 1,000 kilowatt-hours (kWh) per month will see a $33 decrease in their January 2027 bills compared to January 2026. This reduction is partly due to a new tax strategy implemented by Duke Energy Florida to avoid a scheduled base rate increase in 2027. From December 2026 to January 2027, residential customers using 1,000 kWh per month will see an approximate $0.95 decrease in their bills. Commercial and industrial customers will experience rate decreases between 0.9% and 3.8%, with the exact impact varying by customer. In March 2027, residential customers will receive an additional $10 decrease per 1,000 kWh, reflecting a temporary reduction that Duke Energy Florida implements every March through November. Duke Energy Florida owns 12,500 megawatts of energy capacity and supplies electricity to 2 million residential, commercial, and industrial customers across a 13,000-square-mile service area. Duke Energy Florida is a subsidiary of Duke Energy. Duke Energy serves 8.7 million electric customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky, and owns 55,700 megawatts of energy capacity. Duke Energy's natural gas utilities serve 1.6 million customers in North Carolina, South Carolina, Ohio, and Kentucky. Melissa Seixas, Duke Energy Florida state president, stated that the company is committed to delivering value and improving system reliability. Duke Energy Florida continues to invest in customer priorities, including expanding renewable energy and upgrading infrastructure to reduce outages and speed up restoration after storms. The company offers energy efficiency and financial assistance programs, including free energy assessments and flexible payment plans.

Unitil Reports 2026 Third Quarter Earnings

(NYSE:UTL) Unitil Corporation reported Net Income (Loss) of ($1.5) million, or ($0.08) per share, for the third quarter of 2026, representing a decrease of $1.2 million in Net Income and $0.06 in EPS compared to the third quarter of 2025. For the nine months ended September 30, 2026, Net Income was $36.4 million, or $2.02 per share, an increase of $5.2 million in Net Income and $0.13 in EPS compared to the same period in 2025. Adjusted Net Income (Loss), excluding transaction-related costs for the acquisitions of Bangor Natural Gas Company, Maine Natural Gas Company, Aquarion Water Company of New Hampshire, Inc., and Abenaki Water Co., Inc., was ($0.7) million, or ($0.04) per share for the third quarter, a decrease of $1.1 million or $0.07 in EPS from the prior year. For the nine months ended September 30, 2026, Adjusted Net Income was $38.3 million, or $2.12 per share, up $4.8 million or $0.09 in EPS from the same period in 2025. Electric GAAP Gross Margin was $26.1 million for the third quarter, up $1.0 million, and $70.4 million for the nine months, up $7.7 million, both driven by higher rates and customer growth, partially offset by higher depreciation and amortization and a one-time FERC transmission revenue reduction. Electric Adjusted Gross Margin was $34.8 million for the quarter and $96.0 million for the nine months, increases of $1.7 million and $9.6 million, respectively. Gas GAAP Gross Margin was $13.5 million for the quarter, up $1.1 million, and $105.6 million for the nine months, up $12.9 million, with increases driven by higher rates, customer growth, and favorable winter weather, partially offset by higher depreciation and amortization. Gas Adjusted Gross Margin was $29.2 million for the quarter and $151.9 million for the nine months, increases of $2.6 million and $17.2 million, respectively. Water Revenues were $3.1 million for both the quarter and nine months, with no water revenues in the prior year due to the timing of the Aquarion Companies acquisition. Operation and Maintenance expenses increased $4.9 million for the quarter and $8.2 million for the nine months, reflecting higher utility operating costs, labor, and acquisition costs. Depreciation and Amortization expense increased $2.6 million for the quarter and $6.6 million for the nine months, reflecting higher utility plant in service and amortization of storm and deferred costs. Taxes Other Than Income Taxes increased $0.1 million for the quarter and $3.5 million for the nine months, reflecting higher property and payroll taxes. Other Expense (Income), Net decreased $0.7 million for the quarter and $0.9 million for the nine months, primarily due to lower retirement benefit costs. Interest Expense, Net increased $2.1 million for the quarter and $4.9 million for the nine months, primarily due to higher borrowings and debt levels. Provision for (Benefit from) Income Taxes increased $0.4 million for the quarter and $2.4 million for the nine months. The Board of Directors declared quarterly dividends of $0.475 per share at its January, April, July, and October 2026 meetings, resulting in an annualized dividend rate of $1.90 per share. The company completed the Aquarion transaction and is progressing with integration of water utility operations. The company issued its 2026 Corporate Sustainability and Responsibility Report. The company will hold a quarterly conference call on November 3, 2026, at 2:00 p.m. Eastern Time.

FirstEnergy Names Don Rettig VP, FirstEnergy Foundation President

(NYSE:FE) FirstEnergy Corp. announced that Don Rettig has been appointed Vice President and FirstEnergy Foundation President. In this role, Rettig will lead the Foundation's philanthropic strategy and oversee charitable investments supporting communities across FirstEnergy's operational area. Rettig will report to Wade Smith, President, FirstEnergy Utilities. Since 2001, the FirstEnergy Foundation has donated nearly $140 million to nonprofit organizations across the company's operational area. In 2026, the Foundation sharpened its focus on four charitable giving priorities: housing stability, hunger relief, workforce development, and STEM education. In 2026, the Foundation invested $5 million in Hunger Action Month grants, doubling its support from 2025. The Foundation also increased funding for its Shelter, Safety and Stability initiative to $500,000 in 2026, five times its 2025 investment. Nearly $6.5 million in community support has been distributed across FirstEnergy's operational area so far in 2026. FirstEnergy's electric distribution companies serve more than 6 million customers. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions. Don Rettig previously served as director of community affairs and president of the Owens Corning Foundation, where he led global community affairs and philanthropic strategy, increasing corporate contributions and expanding the foundation's impact across 20 countries. Before Owens Corning, Rettig spent 14 years with Metroparks Toledo, including as executive director. Rettig holds a Bachelor of Arts in history and a Master of Public Administration from Bowling Green State University. He currently serves as a trustee of the Greater Toledo Community Foundation and has held leadership roles with several nonprofit organizations.

The Illuminating Company Completes Another Major Reliability Upgrade in Lakewood Ahead of Schedule

(NYSE:FE) FirstEnergy Corp. announced that its electric company, The Illuminating Company, has energized a second transformer at the Lakewood Substation, completing this milestone four months ahead of schedule. The newly installed transformer, weighing approximately 55 tons, was delivered from a local service center to the substation on Athens Avenue earlier in the month and placed into service last week after installation and testing. The first transformer at the substation was delivered and energized earlier this year. With both transformers now operational, the substation's capacity has increased, providing system operators with greater flexibility to manage electricity flow and respond to outages. Each transformer represents an approximately $1.85 million investment, covering equipment, transportation, and installation costs. The upgrades allow the operations team to reroute power more effectively during outages, helping restore service faster and reducing the impact of equipment problems. The added capacity also enables circuits from the Lakewood Substation to support customers served by neighboring substations when necessary, improving reliability across the broader area. Torrence Hinton, President of FirstEnergy Ohio, stated that completing the work ahead of schedule is a meaningful milestone that strengthens the system and supports local homes and businesses. The project is part of The Illuminating Company's ongoing efforts to strengthen the local electric system and improve reliability for customers. Customers can track project progress through a dedicated map showing completed improvements, current projects, and future investments planned for the Lakewood area. The Illuminating Company serves more than 750,000 customers across Ashtabula, Cuyahoga, Geauga, Lake, and Lorain counties. FirstEnergy's electric distribution companies serve more than 6 million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. The company's transmission subsidiaries operate more than 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.

PSEG ANNOUNCES THIRD QUARTER 2026 RESULTS

(NYSE:PEG) Public Service Enterprise Group (PSEG) reported third quarter 2026 net income of $376 million, or $0.76 per share, compared to $622 million, or $1.24 per share, in the third quarter of 2025. Non-GAAP Operating Earnings for the third quarter 2026 were $574 million, or $1.15 per share, versus $565 million, or $1.13 per share, in the prior year period. For the nine months ended September 30, 2026, net income was $1,451 million, or $2.91 per share, compared to $1,796 million, or $3.59 per share, for the same period in 2025. Non-GAAP Operating Earnings for the nine months were $1,777 million, or $3.56 per share, up from $1,667 million, or $3.33 per share, in 2025. PSEG reaffirmed its 2026 non-GAAP Operating Earnings guidance of $4.28 to $4.40 per share. Average diluted shares outstanding were 499 million for both the third quarter and nine months ended September 30, 2026. PSE&G segment net income/non-GAAP Operating Earnings for the third quarter 2026 were $506 million, compared to $515 million in 2025; year-to-date, PSE&G contributed $1,425 million in 2026 versus $1,393 million in 2025. PSEG Power & Other reported a net loss of $130 million for the third quarter 2026, compared to net income of $107 million in 2025; year-to-date, this segment had net income of $26 million in 2026 versus $403 million in 2025. PSEG Power & Other non-GAAP Operating Earnings were $68 million for the third quarter 2026 and $352 million year-to-date, compared to $50 million and $274 million, respectively, in 2025. PSEG supplied 8.2 TWh of carbon-free baseload energy from its nuclear fleet in the third quarter, operating at a 95.5% capacity factor. Salem unit #1 completed a 491-day breaker-to-breaker run before entering fall refueling, matching Salem unit #2's earlier performance. The company is executing a five-year capital investment plan totaling $24 billion to $28 billion, which management states can be funded without issuing new equity or selling assets. PSE&G's quarterly results were driven by ongoing investments in Energy Efficiency and Transmission, and a gradual increase in electric and gas customers, offset by higher depreciation, interest costs, and tax timing. PSEG Power & Other results reflected lower O&M costs due to the absence of the Hope Creek refueling outage, higher realized prices, increased nuclear generation, and higher taxes. Losses associated with Mark-to-Market accounting and the Nuclear Decommissioning Trust impacted PSEG Power & Other's net loss but are excluded from non-GAAP Operating Earnings. Ralph LaRossa, chair, president and CEO, stated that PSEG's operational and financial results align with expectations and highlighted the company's storm response and infrastructure investments. The company aims to grow non-GAAP Operating Earnings by a compound annual rate of 6% to 8% through 2030 while maintaining customer affordability and a solid financial position. PSEG will host a conference call to review its third quarter 2026 results and earnings guidance.

Entergy reports third quarter 2026 financial results

(NYSE: ETR) Entergy Corporation reported third quarter 2026 earnings per share of $1.98 on both an as-reported and adjusted (non-GAAP) basis. Drew Marsh, Entergy Chair and Chief Executive Officer, stated that the company made strong progress across customer, operational, regulatory, and financial aspects, and is well positioned to deliver on its objectives. Entergy Arkansas expanded its service agreement with Google. The Orange County Advanced Power Station is now operational and delivering power to Entergy Texas customers. The Louisiana Public Service Commission (LPSC) approved Entergy Louisiana's $1.2 billion Babel to Webre transmission project. Entergy Louisiana reached a settlement with the LPSC Staff in its Evest filing and filed an application for additional Future Ready resilience plan investment. The Council of the City of New Orleans (CCNO) approved Entergy New Orleans's four-year FRP extension. Entergy Mississippi filed an application to securitize costs associated with Winter Storm Fern. The U.S. Department of Energy awarded $14 million in grants to Entergy utility companies to strengthen grid reliability. Entergy's Board of Directors declared a quarterly dividend of 68 cents per share, representing a six percent increase. Entergy received its 52nd EEI emergency response award for restoration efforts following Winter Storm Fern. Site Selection magazine named Entergy a top utility in economic development for the 19th consecutive year. For the third quarter 2026, consolidated earnings were $940 million, or $1.98 per share, compared to $694 million, or $1.53 per share, in the third quarter 2025. Year-to-date 2026 consolidated earnings were $1,808 million, or $3.86 per share, compared to $1,522 million, or $3.40 per share, in 2025. Utility business earnings for the third quarter 2026 were $1,079 million, or $2.28 per share, compared to $810 million, or $1.79 per share, in 2025. Parent & Other reported a third quarter 2026 loss of $(139 million), or (29) cents per share, compared to a loss of $(117 million), or (26) cents per share, in 2025. The primary drivers for the Utility earnings increase included higher retail sales volume (including weather effects), regulatory actions, return on construction work in progress, and higher other income, partially offset by higher interest expense, O&M, and depreciation and amortization. Entergy narrowed its 2026 adjusted earnings per share guidance to a range of $4.35 to $4.45. The company has approximately 12,000 employees and delivers more than $100 million in economic benefits each year to the communities it serves. Entergy's common stock is listed on the New York Stock Exchange under the symbol "ETR".

Southern Company aligns leadership, operations to serve growth, develop talent and prepare for the future

(NYSE:SO) Southern Company announced several executive leadership changes effective January 1, 2027. Chris Womack, Chairman, President and CEO of Southern Company, stated that these changes are designed to position the company to serve growing energy needs, execute significant infrastructure investments, and respond to evolving technologies and customer needs. Kim Greene, currently chairman, president and CEO of Georgia Power, will become president, Southern Company Operations. In her new role, Greene will oversee system operations, including generation, system planning, safety, transmission operations and policy, commercial operations, research and development, environmental affairs and sustainability, technical and business shared services, and systemwide power delivery strategy. Greene will also lead enterprise strategy and have responsibility for Southern Company's entire generation fleet, including nuclear. Stan Connally, currently executive vice president and chief operating officer for Southern Company, will become chairman, president and CEO of Georgia Power. Connally will lead Georgia Power as it serves more than 2.8 million customers across 155 of Georgia's 159 counties. His focus will be on ensuring Georgia Power has the resources and infrastructure needed to serve the state's growth, protect customers, maintain reliability, keep rates stable and predictable, and invest responsibly for the future. Connally previously served as chairman, president and CEO of Gulf Power. Sterling Spainhour, executive vice president and chief legal officer, will expand his responsibilities to include the Technology Organization, aligning technology and AI strategy, governance, and management of emerging technologies. Sloane Drake, executive vice president and chief human resources officer, will assume responsibility for systemwide training, connecting workforce development with the skills and capabilities needed as technology changes work processes. Southern Company serves 9 million customers across the Southeast and beyond through its family of companies. The company employs nearly 30,000 people dedicated to delivering exceptional service.

Middlesex Water Company Reports Third Quarter 2026 Earnings

(NASDAQ:MSEX) Middlesex Water Company announced financial results for the third quarter ended September 30, 2026. Net income for the quarter was $18.0 million, with diluted earnings per share (EPS) of $0.95, compared to net income of $14.0 million and diluted EPS of $0.77 for the same quarter in 2025. Operating revenues for the quarter were $60.2 million, an increase of $6.1 million from the prior year. Middlesex System revenues increased by $4.7 million due to increased wholesale demand, customer consumption, and base rate increases. Tidewater System revenues rose by $1.2 million, attributed to increased customer consumption, customer growth, and rate increases. Non-regulated revenues increased $0.2 million, primarily from higher supplemental contract services. Operating expenses for the quarter were $37.9 million, up approximately $1.6 million from the prior year. Operations and maintenance expenses increased $1.1 million, mainly due to higher variable production costs from increased customer demand and employee-related costs, partially offset by higher capitalizable costs. Other taxes increased $0.5 million due to higher gross receipts taxes on higher revenues in the Middlesex System. Depreciation expense decreased $0.1 million from the same period in 2025 due to the implementation of depreciation rates approved by the New Jersey Board of Public Utilities (NJBPU), partially offset by higher average utility plant in service. For the nine months ended September 30, 2026, net income was $43.4 million, a $9.2 million increase compared to the same period in 2025. Diluted EPS for the nine months was $2.31, up from $1.90 in 2025. Operating revenues for the nine months were $165.3 million, an increase of approximately $17.6 million from the prior year. Middlesex System revenues increased $13.5 million, Tidewater System revenues increased $3.8 million, and non-regulated revenues increased $0.3 million. Operating expenses for the nine months increased $7.1 million, with operations and maintenance expenses up $5.4 million, depreciation expense up $0.5 million, and other taxes up $1.3 million. Middlesex invested approximately $84 million to upgrade, replace, and enhance the resiliency of its water and wastewater utility infrastructure during the nine months ended September 30, 2026, representing approximately 67% of its planned 2026 annual investment of $126 million. In September 2026, Middlesex filed Resiliency and Environmental System Improvement Charge and Distribution System Improvement Charge petitions with the NJBPU requesting $0.8 million and $1.7 million of additional annual revenues, respectively. In October 2026, the Delaware Public Service Commission approved the joint application by Tidewater Utilities, Inc. and Mount Pleasant MHP, LLC for Tidewater to purchase the water utility assets of Mount Pleasant for $25 thousand. Mount Pleasant serves 39 customers in New Castle County, Delaware. On October 23, 2026, the Board of Directors declared a fourth quarter cash dividend of $0.38 per common share, a 5.56% increase from the $0.36 per share dividend last declared in July 2026. This raises the annual dividend rate to $1.52 from $1.44 per share and marks the 54th consecutive year of dividend increases. The dividend at the new rate is payable December 1, 2026, to shareholders of record as of November 16, 2026. Middlesex has paid cash dividends each year since 1912. Nadine Leslie is Chair, President, and Chief Executive Officer of Middlesex Water Company.

FirstEnergy Foundation Increases Support for Shelter, Safety and Stability

(NYSE:FE) FirstEnergy Foundation has awarded $120,000 to 10 New Jersey nonprofit organizations that provide emergency shelter, housing assistance, and supportive services for individuals and families facing homelessness, domestic violence, and other housing-related challenges. The grants are part of the Foundation's Shelter, Safety and Stability initiative, which expanded in 2026 to provide $500,000 to 38 organizations across FirstEnergy's service territory. The funding comes during Domestic Violence Awareness Month and includes support for organizations serving survivors of domestic violence, as well as nonprofits helping individuals and families experiencing homelessness and housing instability. Doug Mokoid, FirstEnergy's President, New Jersey, stated that the organizations receiving these grants provide critical resources and compassionate support for vulnerable residents. Liz Graham, Executive Director and CEO of 180 Turning Lives Around, expressed gratitude for FirstEnergy's investment in their Safe House and highlighted the importance of community support for survivors. The New Jersey grant recipients are: 180 Turning Lives Around (Monmouth County), Homeless Solutions (Morris County), Samaritan Inn Family Shelter Program (Sussex County), Bridges Outreach (Union County), The HOPE Center – The House of HOPE of Ocean County, Inc. (Ocean County), Domestic Abuse & Sexual Assault Crisis Center (DASACC) (Warren County), Catholic Charities, Diocese of Trenton – Providence House Domestic Violence Services (Ocean County), JBWS (formerly Jersey Battered Women's Shelter) (Morris County), Covenant House New Jersey – Asbury Park Homeless Shelter (Monmouth County), and Visions and Pathways (Morris County). Since 2020, the FirstEnergy Foundation has donated more than $1.6 million to help people in need of shelter or a place to call home throughout its service territory. Nearly $700,000 of that funding has supported organizations serving survivors of domestic violence and their families. In 2026, the Foundation has donated more than $850,000 to housing-related initiatives, including the $500,000 awarded through the Shelter, Safety and Stability initiative. As part of the Foundation's $5 million Hunger Action Month initiative, $135,000 was awarded to organizations that also provide housing and shelter services. In 2025, FirstEnergy employees contributed approximately 28,500 volunteer hours across the service territory, representing more than $1 million in additional community support. Including the Shelter, Safety and Stability initiative, the Foundation has distributed more than $6.5 million in community support across FirstEnergy's service area to date in 2026. FirstEnergy Corp. serves more than 6 million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland, and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines connecting the Midwest and Mid-Atlantic regions.

WEC Energy Group reports third-quarter results

(NYSE:WEC) WEC Energy Group reported net income of $389.3 million, or $1.18 per share, for the third quarter of 2026, an increase from $271.3 million, or $0.83 per share, in the third quarter of 2025. For the nine months ended September 30, 2026, net income was $1.49 billion, or $4.54 per share, up from $1.24 billion, or $3.85 per share, in the same period a year ago. Consolidated revenues for the nine months totaled $7.8 billion, representing an increase of $523.9 million compared to the nine months ended September 30, 2025. Scott Lauber, chairman, president and CEO, attributed the strong results to warmer-than-normal weather, execution of the capital plan, and operating efficiency. Retail deliveries of electricity, excluding the iron ore mine in Michigan's Upper Peninsula and Very Large Customers (VLCs) in Wisconsin, increased by 3.3 percent in the third quarter of 2026 compared to the prior year. Electricity consumption by small commercial and industrial customers rose by 3.5 percent, while use by large commercial and industrial customers (excluding the iron ore mine and VLCs) increased by 1.0 percent. Residential electricity use was up by 5.1 percent. On a weather-normal basis, retail deliveries of electricity during the third quarter, excluding the iron ore mine and VLCs, increased by 0.4 percent. The company raised and narrowed its 2026 earnings guidance to a range of $5.60 to $5.64 per share, assuming normal weather for the remainder of the year, compared to the previous guidance range of $5.51 to $5.61 per share. Earnings per share figures are on a fully diluted basis. WEC Energy Group scheduled a conference call for 1 p.m. Central time on Thursday, October 29, to review third-quarter earnings and the company's outlook. The company serves 4.8 million customers in Wisconsin, Illinois, Michigan, and Minnesota. Principal utilities include We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources, and Upper Michigan Energy Resources. We Power, a major subsidiary, designs, builds, and owns electric generating plants. WEC Infrastructure LLC owns renewable generation facilities in states from South Dakota to Texas. WEC Energy Group is a Fortune 500 company, a component of the S&P 500, with approximately 31,000 stockholders of record, 7,000 employees, and more than $53 billion of assets.

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