CMS

A month has gone by since the last earnings report for CMS Energy (CMS). Shares have lost about 6.9% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is CMS Energy due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important catalysts. CMS Energy Q2 Earnings Match Estimates, Revenues Decrease Y/Y CMS Energy Corporation reported second-quarter 2026 adjusted earnings per share (EPS) of 37 cents per share, which came in line with the Zacks Consensus Estimate. However, the bottom line declined 47.9% from 71 cents in the year-ago quarter. Operating revenues totaled $1.83 billion, which missed the Zacks Consensus Estimate of $1.91 billion by 4.25%. The top line also fell 0.5% from $1.84 billion in the prior-year quarter. Gas utility revenues and NorthStar Clean Energy revenues improved, while electric utility revenues decreased. CMS' operating expenses amounted to $1.57 billion, up 2.9% from the year-ago quarter’s figure. Operating income was $264 million, lower than the year-ago quarter’s figure of $317 million. Interest on long-term debt rose to $211 million. CMS Energy had cash and cash equivalents of $241 million as of June 30, 2026 compared with $509 million as of Dec. 31, 2025. As of June 30, 2026, total debt and financial leases (excluding securitization debt) were $18.78 billion compared with $18.31 billion as of Dec. 31, 2025. The net cash flow from operating activities was $1.33 billion during the first six months of 2026 compared with $1.41 billion in the prior-year period. CMS Energy reaffirmed its 2026 adjusted earnings guidance of $3.83-$3.90 per share. The Zacks Consensus Estimate for 2026 earnings is currently pegged at $3.87, higher than the midpoint of the company’s guided range. The company introduced 2027 adjusted earnings guidance of $4.08-$4.17 per share. The Zacks Consensus Estimate for 2027 earnings is currently pegged at $4.16, which is at the high end of the company’s guided range. CMS also reaffirmed its long-term adjusted EPS growth in the band of 6-8%. In the past month, investors have witnessed a upward trend in fresh estimates. At this time, CMS Energy has a subpar Growth Score of D, however its Momentum Score is doing a lot better with an A. However, the stock has a grade of C on the value side, putting it in the middle 20% for value investors. Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been trending upward for the stock, and the magnitude of this revision looks promising. Interestingly, CMS Energy has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CMS Energy Corporation (CMS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Vistra Corp. VST reported second-quarter 2026 earnings of $1.80 per share, which beat the Zacks Consensus Estimate of $1.54 by 16.9%. GAAP diluted earnings were 76 cents per share, down 6.2% from 81 cents a year ago.The reaction from the market was quite positive after the earnings release, with the stock gaining 3.08% since VST reported second-quarter results. Revenues totaled $4.02 billion, missing the Zacks Consensus Estimate of $6.29 billion by 36.2% and declining 5.5% year over year. Operating revenues fell to $4.02 billion from $4.25 billion a year earlier. The decline primarily reflected a $611 million increase in unrealized mark-to-market losses on commodity derivative positions. However, higher retail contractual rates, stronger wholesale capacity and energy revenues and the addition of plants acquired from Lotus provided partial offsets. Vistra Corp. price-consensus-eps-surprise-chart | Vistra Corp. Quote Total retail electricity sales volume declined 4.4% to 31,800 GWh, as ERCOT sales volumes fell 7.8% and Northeast/Midwest volumes increased 0.7%.Fuel, purchased power costs and delivery fees declined 10.1% to $1.77 billion. Lower costs reflected a $123 million increase in unrealized mark-to-market gains on commodity derivatives and lower realized fuel costs from optimizing dispatch of select gas units, partly offset by the acquired Lotus plants.Operating costs increased 16.4% to $853 million, driven mainly by higher maintenance and outage costs, the Lotus plants and incremental costs tied to the Moss Landing incident, net of insurance recoveries. Selling, general and administrative expenses fell 6.4% to $392 million, reflecting lower transition and merger costs and legal settlements.Ongoing operations adjusted EBITDA rose 31% to $1.77 billion, aided by higher realized energy and capacity prices and contributions from the Lotus assets.Operating income rose 7.4% to $553 million. Net income attributable to Vistra decreased 6.7% to $305 million, mainly because unrealized mark-to-market losses on derivative positions increased by $488 million. As of Aug. 3, 2026, Vistra had hedged nearly 100% of expected generation volumes for 2026, 94% for 2027 and 72% for 2028. Management said the hedging program supports the company's 2026 outlook and helps reduce exposure to changes in forward power prices. Cash and cash equivalents were $435 million at June 30, 2026, compared with $785 million at year-end 2025. Total available liquidity stood at $6.30 billion, including $4.41 billion available under the corporate revolving credit facility and $1.45 billion under the commodity-linked facility.Cash provided by operating activities for the first six months of 2026 rose 89.8% to $2.22 billion. Vistra spent $709 million on share repurchases during the period. As of Aug. 3, roughly $1.2 billion remained under the authorization, which the company expects to complete no later than year-end 2027. Vistra reaffirmed 2026 ongoing operations adjusted EBITDA guidance of $6.8-$7.6 billion and ongoing operations adjusted free cash flow before growth of $3.925-$4.725 billion.Management said first-half performance supports an outcome at or above the midpoint of the 2026 ranges.The company also advanced several growth initiatives. Vistra committed up to $1 billion to Helix Digital Infrastructure and will serve as its preferred power partner. It also received FERC approval for the pending Cogentrix Energy acquisition, which is expected to close in late 2026 and add about 5,500 MW of natural gas generation capacity. The company currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Duke Energy Corporation's DUK second-quarter 2026 earnings of $1.43 per share surpassed the Zacks Consensus Estimate of $1.29 by 10.9%. The bottom line increased 14.4% from $1.25 reported in the year-ago quarter.Total operating revenues were $7.59 billion, which missed the Zacks Consensus Estimate of $7.72 billion by 1.6%. The top line increased 1% from $7.51 billion in the year-ago period.CenterPoint Energy, Inc. CNP reported second-quarter 2026 adjusted earnings of 40 cents per share, which surpassed the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line increased 37.9% from the year-ago quarter’s figure of 29 cents.CNP generated revenues of $2.15 billion, which beat the Zacks Consensus Estimate by 1.8%. The top line was 10.7% higher than the year-ago quarter’s reported figure of $1.94 billion.CMS Energy Corporation CMS reported second-quarter 2026 adjusted EPS of 37 cents, which came in line with the Zacks Consensus Estimate. However, the bottom line declined 47.9% from 71 cents in the year-ago quarter.CMS' operating revenues totaled $1.83 billion, which missed the Zacks Consensus Estimate of $1.91 billion by 4.2%. The top line also fell 0.5% from $1.84 billion in the prior-year quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Vistra Corp. (VST) : Free Stock Analysis Report Duke Energy Corporation (DUK) : Free Stock Analysis Report CMS Energy Corporation (CMS) : Free Stock Analysis Report CenterPoint Energy, Inc. (CNP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Duke Energy Corporation's DUK second-quarter 2026 earnings of $1.43 per share surpassed the Zacks Consensus Estimate of $1.29 by 10.9%. The bottom line increased 14.4% from $1.25 reported in the year-ago quarter. Total operating revenues were $7.59 billion, which missed the Zacks Consensus Estimate of $7.72 billion by 1.6%. The top line increased 1% from $7.51 billion in the year-ago period. Duke Energy Corporation price-consensus-eps-surprise-chart | Duke Energy Corporation Quote Operating expenses amounted to $5.55 billion, down 2.4% year over year. The decrease was primarily due to lower cost of natural gas, operation, maintenance and other and lower property and other taxes. The operating income totaled $2.05 billion compared with $1.83 billion in the year-ago quarter.Interest expenses rose to $957 million from $897 million in the second quarter of 2025.The average number of customers in its Electric Utilities and Infrastructure increased 1.4% year over year. Total electric sales volume for the reported quarter went up 0.4% year over year to 64,442 gigawatt-hours. Electric Utilities & Infrastructure: This segment’s adjusted earnings totaled $1.3 billion, up from $1.2 billion in the second quarter of 2025. This was primarily driven by the recovery of investments in infrastructure needed to reliably serve customers across its growing jurisdictions, partially offset by higher depreciation associated with an expanding asset base and increased interest expense.Gas Utilities & Infrastructure: Adjusted earnings from this segment amounted to $10 million compared with $6 million in the second quarter of 2025. This was primarily driven by recovery of infrastructure investments to reliably serve customers in its growing jurisdictions, offset by lower earnings from the sale of Piedmont's Tennessee business.Other: The segment includes corporate interest expenses not allocated to other business units, resulting from Duke Energy’s captive insurance company and other investments. On an adjusted basis, this segment incurred a loss of $204 million compared with a loss of $228 million in the second quarter of 2025. Higher quarterly results were primarily driven by higher returns on investments and lower interest expense. As of June 30, 2026, Duke Energy had cash & cash equivalents of $673 million compared with $245 million as of Dec. 31, 2025.As of June 30, 2026, the long-term debt was $82.24 billion compared with $80.11 billion as of Dec. 31, 2025.During the first six months of 2026, the company generated net cash from operating activities of $4.27 billion compared with $5.04 billion a year ago. Duke Energy expects to generate 2026 adjusted EPS in the range of $6.55-$6.80. The Zacks Consensus Estimate for 2026 earnings is pegged at $6.72, which is higher than the midpoint of the company’s projected range.The company expects long-term adjusted EPS growth of 5-7% through 2030. Duke Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Ameren Corporation AEE reported second-quarter 2026 earnings of $1.13 per share, which beat the Zacks Consensus Estimate of $1.08 by 4.6%. Earnings increased 11.9% from $1.01 in the year-ago quarter. AEE’s quarterly revenues of $2.09 billion declined 5.8% year over year and missed the consensus estimate of $2.39 billion by 13%. CenterPoint Energy, Inc. CNP reported second-quarter 2026 adjusted earnings of 40 cents per share, which surpassed the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line increased 37.9% from the year-ago quarter’s figure of 29 cents.CNP generated revenues of $2.15 billion, which beat the Zacks Consensus Estimate by 1.8%. The top line was 10.7% higher than the year-ago quarter’s reported figure of $1.94 billion.CMS Energy Corporation CMS reported second-quarter 2026 adjusted EPS of 37 cents, which came in line with the Zacks Consensus Estimate. However, the bottom line declined 47.9% from 71 cents in the year-ago quarter.CMS' operating revenues totaled $1.83 billion, which missed the Zacks Consensus Estimate of $1.91 billion by 4.2%. The top line also fell 0.5% from $1.84 billion in the prior-year quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Duke Energy Corporation (DUK) : Free Stock Analysis Report Ameren Corporation (AEE) : Free Stock Analysis Report CMS Energy Corporation (CMS) : Free Stock Analysis Report CenterPoint Energy, Inc. (CNP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Edison International EIX reported second-quarter 2026 core earnings of $1.54 per share, beating the Zacks Consensus Estimate of $1.02 by 51%. The bottom line surged 58.8% from 97 cents in the year-ago quarter, primarily reflecting Southern California Edison’s adoption of the 2025 General Rate Case final decision.The company recorded GAAP earnings of $1.39 per share compared with 89 cents in the second quarter of 2025. Edison International's second-quarter operating revenues totaled $4.36 billion, which missed the Zacks Consensus Estimate of $4.72 billion by 7.7%. The top line also decreased 4.1% from the year-ago quarter’s figure of $4.54 billion. Edison International price-consensus-eps-surprise-chart | Edison International Quote Total operating expenses declined to $3.27 billion from $3.77 billion. Operation and maintenance expenses fell to $1.07 billion from $1.58 billion, while purchased power and fuel costs decreased to $1.14 billion from $1.16 billion.Depreciation and amortization increased to $834 million from $826 million. Property and other taxes rose to $171 million from $168 million.Operating income climbed to $1.09 billion from $0.78 billion. Interest expense increased to $514 million from $504 million. Southern California Edison generated core earnings of $672 million, up from $474 million in the second quarter of 2025. Core earnings per share increased to $1.74 from $1.23, primarily due to the adoption of the 2025 General Rate Case final decision in the third quarter of 2025.Edison International Parent and Other reported a core loss of $80 million, narrower than the year-ago loss of $100 million. The core loss per share improved to 20 cents from 26 cents, primarily due to lower preferred stock dividends. As of June 30, 2026, Edison International's cash and cash equivalents amounted to $242 million compared with $158 million as of Dec. 31, 2025.The long-term debt was $37.09 billion as of June 30, 2026, higher than the 2025-end level of $36.07 billion.Net cash flow from operating activities during the first six months of 2026 was $2.7 billion compared with net cash flow of $2.11 billion in the prior-year period.Total capital expenditures were $3.39 billion as of June 30, 2026, higher than $3.12 billion in the year-ago period. Edison International reaffirmed its 2026 core earnings guidance of $5.90-$6.20 per share. The Zacks Consensus Estimate for earnings is currently pegged at $6.13 per share, which is at the higher end of the company’s guided range.The company also maintained its 2027 core earnings forecast of $6.25-$6.65 per share and its 2028 outlook of $6.74-$7.14. Management continues to target core earnings growth of 5-7% annually from 2025 through 2030. Edison International currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. CMS Energy Corporation CMS reported second-quarter 2026 adjusted earnings per share of 37 cents per share, which came in line with the Zacks Consensus Estimate. However, the bottom line declined 47.9% from 71 cents in the year-ago quarter. Operating revenues totaled $1.83 billion, which missed the Zacks Consensus Estimate of $1.91 billion by 4.2%. The top line also fell 0.5% from $1.84 billion in the prior-year quarter.Entergy Corporation ETR reported second-quarter 2026 earnings of $1.03 per share, which beat the Zacks Consensus Estimate of 94 cents by 9.6%. However, the bottom line decreased 1.9% from the year-ago quarter’s figure of $1.05.Revenues rose 5.9% year over year to $3.52 billion but missed the consensus mark of $3.53 billion by 0.08%. PG&E Corporation PCG reported second-quarter 2026 adjusted earnings per share of 40 cents, which beat the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line also increased 29% from the year-ago quarter’s figure of 31 cents.PCG reported second-quarter total revenues of $5.902 billion, up 0.1% from $5.898 billion registered in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $6.31 billion by 6.4%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Edison International (EIX) : Free Stock Analysis Report Entergy Corporation (ETR) : Free Stock Analysis Report Pacific Gas & Electric Co. (PCG) : Free Stock Analysis Report CMS Energy Corporation (CMS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Ameren Corporation AEE reported second-quarter 2026 earnings of $1.13 per share, which beat the Zacks Consensus Estimate of $1.08 by 4.6%. Earnings increased 11.9% from $1.01 in the year-ago quarter, supported by infrastructure investments and gains from innovative energy technology investments. Quarterly revenues of $2.09 billion declined 5.8% year over year and missed the consensus estimate of $2.39 billion by 13%. Total electricity sales increased 3.4% to 16,210 million kilowatt-hours, led by higher Ameren Missouri volumes. Ameren Corporation price-consensus-eps-surprise-chart | Ameren Corporation Quote Total operating expenses declined 9.8% year over year to $1.63 billion. Fuel and purchased power expenses decreased to $507 million from $794 million, marking the largest cost reduction in the quarter.Other operations and maintenance expenses rose to $521 million from $460 million. Management attributed the increase to reliability-focused tree trimming and energy center maintenance. Depreciation and amortization expenses increased to $420 million from $386 million.Operating income improved 11.7% to $459 million. However, interest charges rose to $209 million from $187 million, reflecting Ameren's ongoing financing requirements. Ameren Missouri generated second-quarter earnings of $157 million, up from $150 million a year earlier. Earnings from increased infrastructure investments and electric and natural gas service rates were partly offset by higher operating and maintenance expenses and lower weather-driven retail sales.Ameren Transmission earnings increased to $96 million from $86 million. The improvement reflected earnings on additional infrastructure investments.Ameren Illinois Electric Distribution earnings rose to $70 million from $64 million in the prior-year quarter. The segment benefited from increased electric distribution infrastructure investments.Ameren Illinois Natural Gas earnings slipped to $9 million from $10 million. The Ameren Parent loss narrowed to $18 million from $35 million, primarily due to earnings from innovative energy technology investments. Ameren reported cash and cash equivalents of $12 million as of June 30, 2026, compared with $13 million as of Dec. 31, 2025. Long-term debt totaled $19.06 billion as of June 30, 2026, up from $18.21 billion at the end of 2025.For the first six months of 2026, net cash provided by operating activities totaled $1.19 billion compared with $1.29 billion a year earlier. Capital expenditures increased to $2.65 billion from $2.13 billion. Ameren reaffirmed its 2026 earnings guidance of $5.25-$5.45 per share. The outlook assumes normal temperatures during the second half of the year. The Zacks Consensus Estimate for 2026 earnings is pegged at $5.39, which is higher that the midpoint of the company’s guided range.Management anticipates higher Ameren Missouri operating and maintenance expenses, primarily from tree trimming and energy center maintenance. It also expects to issue about 6.4 million common shares near year-end upon settlement of forward sale agreements.Ameren has maintained its expectation of 6-8% annual earnings growth from 2026 through 2030. The company stated that 2.8 gigawatts of executed electric service agreements represent potential upside and plans to update its long-term growth guidance during the third-quarter earnings call. Ameren currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. CenterPoint Energy, Inc. CNP reported second-quarter 2026 adjusted earnings of 40 cents per share, which surpassed the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line increased 37.9% from the year-ago quarter’s figure of 29 cents.CNP generated revenues of $2.15 billion, which beat the Zacks Consensus Estimate by 1.8%. The top line was 10.7% higher than the year-ago quarter’s reported figure of $1.94 billion.CMS Energy Corporation CMS reported second-quarter 2026 adjusted EPS of 37 cents, which came in line with the Zacks Consensus Estimate. However, the bottom line declined 47.9% from 71 cents in the year-ago quarter.CMS' operating revenues totaled $1.83 billion, which missed the Zacks Consensus Estimate of $1.91 billion by 4.2%. The top line also fell 0.5% from $1.84 billion in the prior-year quarter.NextEra Energy NEE reported second-quarter 2026 EPS of $1.15, up 9.5% from $1.05 a year ago. The figure beat the Zacks Consensus Estimate of $1.09 by 5.5%. NEE’s total operating revenues were $7.53 billion, which rose 12.4% year over year but missed the Zacks Consensus Estimate of $7.99 billion by 5.8%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ameren Corporation (AEE) : Free Stock Analysis Report NextEra Energy, Inc. (NEE) : Free Stock Analysis Report CMS Energy Corporation (CMS) : Free Stock Analysis Report CenterPoint Energy, Inc. (CNP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

American Electric Power Company, Inc. AEP reported second-quarter 2026 operating earnings of $1.36 per share, missing the Zacks Consensus Estimate of $1.49 by 8.7%. The bottom line declined 4.9% from $1.43 in the year-ago quarter, primarily due to the timing of income taxes and the prior-year transmission minority-interest transaction.On a GAAP basis, AEP posted earnings of $1.31 per share, down from $2.29 a year ago. AEP generated total revenues of $5.45 billion, up 7% from $5.09 billion in the prior-year quarter. The top line also came ahead of the Zacks Consensus Estimate of $5.26 billion by 3.5%. American Electric Power Company, Inc. price-consensus-eps-surprise-chart | American Electric Power Company, Inc. Quote Vertically Integrated Utilities segment generated operating earnings of $302 million, up from $297 million. Rate changes contributed 21 cents per share, while normalized sales added 10 cents. Transmission & Distribution Utilities reported operating earnings of $239 million, up from $224 million in the year-ago period. Rate changes and higher transmission revenues supported the improvement. AEP Transmission Holdco’s operating earnings were $225 million, nearly unchanged from $224 million a year earlier. However, the segment’s earnings contribution was affected by the timing of the minority-interest transaction completed in 2025. Generation & Marketing operating earnings declined slightly to $91 million from $92 million in the year-ago quarter. Retail-related weakness was offset by gains from wholesale and other activities, while operations and maintenance costs created a modest drag. Corporate and Other posted an operating loss of $115 million, wider than the $71 million loss recorded a year earlier. Higher operating costs, interest expense, income-tax timing and other corporate items reduced quarterly operating earnings and offset gains across several utility businesses. AEP raised its 2026 operating earnings guidance range to $6.25-$6.55 per share from $6.15-$6.45. The Zacks Consensus Estimate for earnings is pegged at $6.35, which lies below the midpoint of the company’s projected range. American Electric currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Entergy Corporation ETR reported second-quarter 2026 earnings of $1.03 per share, which beat the Zacks Consensus Estimate of 94 cents by 9.6%. However, the bottom line decreased 1.9% from the year-ago quarter’s figure of $1.05.Revenues rose 5.9% year over year to $3.52 billion but missed the consensus mark of $3.53 billion by 0.08%. PG&E Corporation PCG reported second-quarter 2026 adjusted earnings per share (EPS) of 40 cents, which beat the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line also increased 29% from the year-ago quarter’s figure of 31 cents.PCG reported second-quarter total revenues of $5.902 billion, up 0.1% from $5.898 billion registered in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $6.31 billion by 6.4%.CMS Energy Corporation CMS reported second-quarter 2026 adjusted EPS of 37 cents, which came in line with the Zacks Consensus Estimate. However, the bottom line declined 47.9% from 71 cents in the year-ago quarter. Operating revenues totaled $1.83 billion, which missed the Zacks Consensus Estimate of $1.91 billion by 4.2%. The top line also fell 0.5% from $1.84 billion in the prior-year quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report American Electric Power Company, Inc. (AEP) : Free Stock Analysis Report Entergy Corporation (ETR) : Free Stock Analysis Report Pacific Gas & Electric Co. (PCG) : Free Stock Analysis Report CMS Energy Corporation (CMS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

IDACORP, Inc. IDA reported second-quarter 2026 earnings of $1.79 per share, which topped the Zacks Consensus Estimate of $1.75 by 2.3%. The company’s earnings also improved 1.7% from $1.76 in the year-ago quarter.The year-over-year improvement was due to customer growth, rate changes and revenues from large contract customers. Total revenues in the second quarter of 2026 were $469.8 million, lagging the Zacks Consensus Estimate of $478 million by 1.8%. However, the metric rose 4.2% from $450.9 million in the year-ago quarter. IDACORP, Inc. price-consensus-eps-surprise-chart | IDACORP, Inc. Quote Retail revenues from large contract customers, net of associated power supply costs and the Idaho Power cost adjustment mechanism, increased operating income by $6.5 million.The gain reflected higher usage per large contract customer, the increase in Idaho base rates and the addition of a new large contract that became effective June 1, 2026. Management highlighted these customers as an important source of revenues to help fund the company’s substantial infrastructure development. IDACORP also brought 250 megawatts of battery capacity online in June. The company continued construction work on major transmission and generation projects during the first half of 2026. IDACORP’s customer volume increased 2.3% year over year for the 12 months ended on March 31, 2026. This boosted operating income by $4.5 million from the year-ago level.Other operations and maintenance (O&M) expenses were $11.7 million, higher than the year-earlier level. The rise mainly reflected the recognition of previously deferred costs tied to converting generating units at the Jim Bridger plant from coal to natural gas.IDACORP's net income increased $6.8 million from the prior-year level due to higher net income at Idaho Power. As of June 30, 2026, cash and cash equivalents were $83.6 million compared with $215.7 million as of Dec. 31, 2025.The long-term debt was $3.68 billion as of June 30, 2026 compared with $3.33 billion as of Dec. 31, 2025.In the first six months of 2026, net cash provided by operating activities was $179 million compared with $301.2 million in the prior-year period. IDACORP raised the lower end of its 2026 earnings guidance to $6.30-$6.45 per share from the previous range of $6.25-$6.45. The Zacks Consensus Estimate for earnings is pegged at $6.39, which is higher than the midpoint of the company’s guided range.IDA projects a capital expenditure of $1.3-$1.5 billion for 2026. The company’s O&M expenses forecast remains $525-$535 million.Management narrowed its hydropower generation outlook to 5.5-6.5 million megawatt-hours from 5.5-7 million. IDACORP currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Entergy Corporation ETR reported second-quarter 2026 earnings of $1.03 per share, which beat the Zacks Consensus Estimate of 94 cents by 9.6%. However, the bottom line decreased 1.9% from the year-ago quarter’s figure of $1.05.Revenues rose 5.9% year over year to $3.52 billion but missed the consensus mark of $3.53 billion by 0.08%. PG&E Corporation PCG reported second-quarter 2026 adjusted earnings per share of 40 cents, which beat the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line also increased 29% from the year-ago quarter’s figure of 31 cents.PCG reported second-quarter total revenues of $5.902 billion, up 0.1% from $5.898 billion registered in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $6.31 billion by 6.4%.CMS Energy Corporation CMS reported second-quarter 2026 adjusted earnings per share of 37 cents per share, which came in line with the Zacks Consensus Estimate. However, the bottom line declined 47.9% from 71 cents in the year-ago quarter. Operating revenues totaled $1.83 billion, which missed the Zacks Consensus Estimate of $1.91 billion by 4.2%. The top line also fell 0.5% from $1.84 billion in the prior-year quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report IDACORP, Inc. (IDA) : Free Stock Analysis Report Entergy Corporation (ETR) : Free Stock Analysis Report Pacific Gas & Electric Co. (PCG) : Free Stock Analysis Report CMS Energy Corporation (CMS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management is pivoting to a utility-centric model by exiting non-utility renewable development to sharpen focus on regulated investments and simplify the corporate structure. The decision to retain Michigan-based assets like Dearborn Industrial Generation (DIG) is driven by their ability to generate strong cash flow with minimal capital requirements, supporting parent-level financing. Performance in the first half of 2026 was impacted by storm-related O&M headwinds, which management plans to offset through a pending storm deferral filing and internal cost-saving measures. Michigan's economic momentum, particularly in data centers and advanced manufacturing, is providing a robust foundation for long-term load growth and customer affordability. The 'CE Way' lean operating system remains the primary driver for maintaining customer affordability by offsetting investment costs through continuous operational efficiency. Management emphasized that the restructuring will result in nearly 100% of future earnings being rate-base driven, enhancing the quality and predictability of growth. Introduced 2027 adjusted EPS guidance of $4.08 to $4.17, maintaining a 6% to 8% growth trajectory off 2025 actuals without requiring a 'rebase' of earnings. The NorthStar exit is expected to reduce parent funding needs by over $500 million through 2030, including a reduction of at least $350 million in planned equity issuances. The upcoming September Integrated Resource Plan (IRP) filing will formally incorporate new data center load growth and outline the transition to clean energy resources. Management identified $3 billion in potential capital upside for utility renewables and grid reliability in the back half of the current 5-year plan. Guidance for 2026 remains focused on the high end of the $3.83 to $3.90 range, assuming normal weather and constructive regulatory outcomes for pending rate cases. The restructuring of NorthStar involves the sale of non-Michigan renewable assets and development projects, targeted for completion by the end of 2026. A pending storm deferral docket is a critical variable for meeting 2026 O&M targets following significant weather activity in the first half of the year. The large load tariff for data centers includes a protective framework where new customers bear the cost of service, potentially providing a $7.50 monthly benefit to residential bills per gigawatt added. Management noted that while energy efficiency programs are maturing, the Financial Compensation Mechanism (FCM) on power purchase agreements offers a growing non-rate base earnings stream. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management explained the move as a fiduciary decision to reallocate capital to the highest-value areas, specifically the regulated utility. The exit simplifies the business for investors, ensuring that nearly all earnings post-2027 are derived from high-quality regulated rate base. Management confirmed that agreements include both rate and extraordinary facilities contracts, providing protection even if specific site zoning takes time. The large load tariff is flexible and can be applied to multiple locations across the service territory if a customer pivots their site selection. DIG was retained because it is a core capacity asset that generates significant cash flow with very little incremental capital investment needed. Management views the asset as a valuable offset to parent financing costs, noting that a sale would require a significant valuation premium to justify losing its cash contribution. Srikanth Maddipati noted that the NorthStar restructuring increases balance sheet flexibility, potentially allowing for incremental utility investment without increasing equity needs. Financing plans will be formally updated during the Q4 call to reflect these new capital opportunities and reduced parent drag.

Entergy Corporation ETR reported second-quarter 2026 earnings of $1.03 per share, which beat the Zacks Consensus Estimate of 94 cents by 9.6%. However, the bottom line decreased 1.9% from the year-ago quarter’s figure of $1.05. Revenues rose 5.9% year over year to $3.52 billion but missed the consensus mark of $3.53 billion by 0.08%. Results benefited from regulatory actions, construction-related returns and higher retail demand. Industrial sales volume jumped 9.9%. Entergy Corporation price-consensus-eps-surprise-chart | Entergy Corporation Quote The Utility business generated earnings of $626 million, up from $599 million in the prior-year quarter. Earnings were $1.34 per share in both periods, as growth in total income was offset by a higher diluted share count.The Parent & Other segment reported a loss of $143 million, wider than the $131 million loss in the prior-year quarter. The loss per share was 31 cents compared with 29 cents a year ago, primarily due to higher interest expense. Total retail electricity sales increased 4.1% year over year to 33,725 gigawatt-hours (GWh). On a weather-adjusted basis, retail sales grew 5.7%, highlighting underlying demand growth across Entergy’s service territories.Industrial volume climbed to 17,164 GWh from 15,620 GWh. The increase reflected higher sales to data center, primary metals and chlor-alkali customers. Weather-adjusted residential demand rose 2.8%, while commercial sales increased 0.3%. Utility other operation and maintenance expenses reduced earnings by 8 cents per share. The decline reflected higher power delivery costs, including increased vegetation maintenance spending, along with higher compensation and benefit costs tied to health care claims and prescription drug rebate timing.Utility interest expense lowered earnings by 11 cents per share due to higher debt balances, a higher average interest rate and carrying costs on customer advances.Depreciation and amortization also pressured results as Entergy placed more utility assets into service. The company cited higher federal regulatory depreciation rates at Entergy Arkansas and Entergy Louisiana, along with increased nuclear depreciation rates in Louisiana. As of June 30, 2026, Entergy had cash and cash equivalents of $3.85 billion compared with $1.93 billion as of Dec. 31, 2025.Long-term debt totaled $31.55 billion compared with $27.9 billion as of Dec. 31, 2025.Second-quarter operating cash flow increased to $1.89 billion from $1.26 billion a year earlier. The improvement reflected higher customer advance receipts, stronger utility collections and lower fuel and purchased-power payments. Vendor payment timing and higher interest payments partly offset these benefits. Entergy has reaffirmed its 2026 adjusted earnings guidance of $4.25-$4.45 per share. The Zacks Consensus Estimate for 2026 earnings is pinned at $4.40 per share, which is higher than the company’s guided range.ETR also maintained its longer-term adjusted earnings guidance. Entergy expects $4.90-$5.20 per share in 2027, $5.55-$5.85 in 2028, $6.25-$6.55 in 2029 and $7.05-$7.35 in 2030. Management continues to target adjusted earnings growth of more than 8% annually through 2030. ETR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. CenterPoint Energy, Inc. CNP reported second-quarter 2026 adjusted earnings of 40 cents per share, which surpassed the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line increased 37.9% from the year-ago quarter’s figure of 29 cents.CNP generated revenues of $2.15 billion, which beat the Zacks Consensus Estimate by 1.8%. The top line also came in 10.7% higher than the year-ago quarter’s reported figure of $1.94 billion.CMS Energy Corporation CMS reported second-quarter 2026 adjusted EPS of 37 cents per share, which came in line with the Zacks Consensus Estimate. However, the bottom line declined 47.9% from 71 cents in the year-ago quarter.CMS' operating revenues totaled $1.83 billion, which missed the Zacks Consensus Estimate of $1.91 billion by 4.2%. The top line also fell 0.5% from $1.84 billion in the prior-year quarter.NextEra Energy NEE reported second-quarter 2026 EPS of $1.15, up 9.5% from $1.05 a year ago. The figure beat the Zacks Consensus Estimate of $1.09 by 5.5%. NEE’s total operating revenues were $7.53 billion, which rose 12.4% year over year but missed the Zacks Consensus Estimate of $7.99 billion by 5.8%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Entergy Corporation (ETR) : Free Stock Analysis Report NextEra Energy, Inc. (NEE) : Free Stock Analysis Report CMS Energy Corporation (CMS) : Free Stock Analysis Report CenterPoint Energy, Inc. (CNP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research