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It has been about a month since the last earnings report for FirstEnergy (FE). Shares have lost about 4.4% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is FirstEnergy 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 most recent earnings report in order to get a better handle on the important drivers. FirstEnergy Sees Revenue Growth in Q1, Earnings Match EstimatesFirstEnergy Corp. reported first-quarter 2026 core earnings of 72 per share, up 7.5% from the year-ago quarter. The bottom line was on par with the Zacks Consensus Estimate. FirstEnergy’s quarter reflected steady gains from regulated rate base expansion and effective program execution, which supported segment performance. Core earnings growth was driven by returns on investments and disciplined cost management, with stronger customer demand providing an added boost to the Integrated segment.FE’s reported GAAP earnings were 70 cents per share in the quarter compared with 62 cents in the year-ago quarter. The difference between GAAP and operating earnings was due to 4 cents related to investigation and other costs, while OPEB credits were for 2 cents. Quarterly revenues came in at $4.2 billion, increasing 10.5% year over year and beating the Zacks Consensus Estimate of $3.84 billion by 9.38%. The quarter reflected continued execution of the company’s customer-focused investment plan, supported by nearly $1.4 billion of capital deployed. The quarter’s revenue strength was underpinned by contributions across Distribution, Integrated and Stand-Alone Transmission. For the three months ended March 31, 2026, Distribution revenues totaled $1.99 billion, Integrated revenues were $1.70 billion and Stand-Alone Transmission revenues reached $516 million, reflecting the scale of the regulated platform. FE’s income statement showed operating income of $828 million for the quarter, up 9.8% from $754 million in the prior-year period, reflecting higher revenues outpacing operating cost growth. Interest expense increased 13.2% to $326 million from $288 million, an important watch item as the company funds a large multi-year buildout. Cash and cash equivalents as of March 31, 2026, were $52 million compared with $57 million as of Dec. 31, 2025. Long-term debt a...

PPL Corporation PPL reported first-quarter 2026 operating earnings per share (EPS) of 63 cents, which beat the Zacks Consensus Estimate of 61 cents by 4.1%. In the year-ago quarter, the company reported earnings of 60 cents. On a GAAP basis, PPL recorded EPS of 60 cents compared with 56 cents in the year-ago quarter. The difference in GAAP and operating EPS in the first quarter was due to the impacts of 3 cents from special items. Total revenues of $2.77 billion surpassed the Zacks Consensus Estimate of $2.62 billion by 5.9%. The top line also increased 10.8% from the year-ago figure of $2.5 billion. PPL Corporation price-consensus-eps-surprise-chart | PPL Corporation Quote In the first quarter, the company sold 18,268 gigawatt hours of electricity to its customers in Pennsylvania and Kentucky, reflecting a year-over-year decrease of 0.6%. Total operating expenses were $2.03 billion, up 11.1% from the year-ago quarter’s $1.83 billion. This was due to a decrease in energy purchases. Operating income totaled $745 million, up 9.9% from the year-ago figure of $678 million. Interest expenses amounted to $224 million, up 17.9% from $190 million in the corresponding period of 2025. Pennsylvania Regulated: Adjusted EPS was 25 cents, which came in line with the year-ago figure. Kentucky Regulated: Adjusted EPS was 33 cents compared with 30 cents in the year-ago quarter. The year-over-year increase in earnings was driven by higher income from retail rates that became effective on Jan. 1, 2026. Rhode Island Regulated: Adjusted EPS was 10 cents, similar to the year-ago figure. Corporate and Other: The segment incurred a loss of 5 cents per share, which came in line with the year-ago figure. As of March 31, 2026, PPL had cash and cash equivalents of $1.24 billion compared with $1.07 billion as of Dec. 31, 2025. The long-term debt was $19.02 billion as of March 31, 2026 compared with $17.99 billion as of Dec. 31, 2025. Net cash provided by operating activities in the first three months of 2026 was $557 million compared with $513 million in the year-ago period. PPL expects 2026 earnings to be in the range of $1.90-$1.98 per share. The Zacks Consensus Estimate is pegged at $1.95, higher than the midpoint of the company’s guided range. PPL expects a long-term annual earnings growth rate of 6-8% through 2029. The company expects its guidance for planned infrastructure investm...

Evergy, Inc. EVRG reported first-quarter 2026 operating earnings per share (EPS) of 69 cents, which beat the Zacks Consensus Estimate of 63 cents by 9.5%. In the year-ago quarter, the company reported earnings of 55 cents. Quarterly revenues totaled $1.44 billion, which surpassed the Zacks Consensus Estimate of $1.41 billion by 2.2%. In the year-ago quarter, the company posted revenues of $1.37 billion. Evergy Inc. price-consensus-eps-surprise-chart | Evergy Inc. Quote Fuel and purchased power totaled $360 billion for the year, up 1.3% from last year’s $355.3 billion. Operating and maintenance expenses for the year amounted to $243.2 million, up 4.8% from last year’s $232 million. Interest expenses totaled $174.5 million, up 14.4% year over year. Cash and cash equivalents as of March 31, 2026 totaled $18.4 million compared with $19.8 million as of Dec. 31, 2025. Long-term debt as of March 31, 2026 was $13.15 billion compared with $13.04 billion as of Dec. 31, 2025. Cash provided by operating activities in the first three months of 2026 was $362.5 million compared with $449.6 million in the year-ago period. Evergy reaffirmed its 2026 adjusted EPS guidance in the range of $4.14-$4.34. The Zacks Consensus Estimate is pegged at $4.25, which is higher than the midpoint of the company’s guided range. The company expects its adjusted EPS annual growth target of 6-8% through 2030. Evergy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. PG&E Corporation PCG reported first-quarter 2026 adjusted earnings per share of 43 cents, which beat the Zacks Consensus Estimate of 39 cents by 10.3%. The bottom line also increased 30.3% from the year-ago quarter’s figure of 33 cents. PCG reported first-quarter total revenues of $6.88 billion, up 15% from $5.98 billion registered in the year-ago period. The top line also surpassed the Zacks Consensus Estimate of $6.46 billion by 6.6%. Edison International EIX reported first-quarter 2026 adjusted earnings of $1.42 per share, which outpaced the Zacks Consensus Estimate of $1.32 by 7.6%. The bottom line also increased 3.6% from $1.37 in the year-ago quarter. Edison International's first-quarter operating revenues totaled $4.1 billion, which beat the Zacks Consensus Estimate of $3.99 billion by 2.8%. The top line also increased 7.7% from the year-ago quarter’s fig...

Ameren Corporation AEE reported first-quarter 2026 earnings of $1.28 per share, which beat the Zacks Consensus Estimate of $1.17 by 9.9%. The bottom line increased 19.6% from the year-ago quarter’s recorded figure. The quarterly results reflected earnings on infrastructure investments to improve system reliability, resilience, and service quality for its Ameren Missouri and Illinois electric and natural gas customers. Total revenues were $2.18 billion, up 3.8% year over year. The top line missed the Zacks Consensus Estimate of $2.24 billion by 2.9%. Ameren Corporation price-consensus-eps-surprise-chart | Ameren Corporation Quote Ameren’s total electricity sales volumes decreased 4.2% to 17,052 million kilowatt-hours (kWh) compared with 17,808 million kWh in the year-ago period. Gas volumes declined 5.4% year over year to 70 million dekatherms. Total operating expenses were $1.64 billion, down 1.4% year over year. The company’s interest expenses in the first quarter totaled $204 million compared with the prior-year quarter’s $175 million. The Ameren Missouri segment reported adjusted earnings of $76 million compared with $42 million a year ago. The year-over-year increase was driven by earnings from higher infrastructure investments, including those incorporated into electric and natural gas service rates that became effective on June 1, 2025, and Sept. 1, 2025, respectively. The Ameren Illinois Electric Distribution segment reported adjusted earnings of $66 million compared with $63 million in the year-ago quarter. The Ameren Illinois Natural Gas segment reported adjusted earnings of $122 million compared with $108 million in the prior-year quarter. The Ameren Transmission segment reported adjusted earnings of $98 million compared with $89 million in the year-ago quarter. Ameren reported cash and cash equivalents of $13 million as of March 31, 2026, which remained unchanged sequentially. As of March 31, 2026, the long-term debt totaled $19 billion compared with $18.21 billion as of Dec. 31, 2025. Net cash flows from operating activities in the first three months of 2026 were $421 million compared with $431 million in 2025. Ameren has reaffirmed its 2026 earnings guidance. It expects to generate earnings per share (EPS) in the range of $5.25-$5.45. The Zacks Consensus Estimate for 2026 earnings is pegged at $5.32, which is lower that the midpoint of the compa...

NRG Energy, Inc. NRG reported first-quarter 2026 earnings of $1.48 per share, which missed the Zacks Consensus Estimate of $1.78 by 16.9%. The bottom line decreased 43.5% from the year-ago quarter. Total revenues were $10.26 billion, which beat the Zacks Consensus Estimate of $7.11 billion by 44.2%. The top line also increased 19.5% from the prior-year quarter’s level of $8.59 billion. NRG Energy, Inc. price-consensus-eps-surprise-chart | NRG Energy, Inc. Quote The company recorded adjusted EBITDA of $1.08 billion in the first quarter, down 4.1% from $1.13 billion registered a year ago. Total operating costs and expenses were $9.93 billion, up 33.4% from $7.44 billion in the year-ago quarter. Operating income in the first quarter totaled $0.33 billion compared with $1.13 billion in the year-ago quarter. Through April 30, 2026, NRG completed $817 million in share repurchases and distributed $102 million in common stock dividends. In 2026, the company plans to return $1 billion through share repurchases and common stock dividends of around $407 million. As of March 31, 2026, NRG had cash and cash equivalents worth $0.18 billion compared with $4.71 billion as of Dec. 31, 2025. As of March 31, 2026, long-term debt and finance leases amounted to $19.78 billion compared with $16.41 billion as of Dec. 31, 2025. Cash used in operating activities in the first three months of 2026 totaled $169 million against the cash provided by operating activities of $855 million in the year-ago quarter. Capital expenditures amounted to $317 million in the first three months of 2026 compared with $217 million in the year-ago quarter. NRG Energy expects its 2026 adjusted net income to be in the range of $1.685-$2.115 billion. The company expects its 2026 adjusted EPS to be in the range of $7.90-$9.90. The Zacks Consensus Estimate is pegged at $9.05, which is higher than the midpoint of the company’s guided range. Free Cash Flow before Growth for 2026 is anticipated to be in the range of $2.8-$3.3 billion. NRG expects 2026 adjusted EBITDA in the band of $5.325-$5.825 billion. NRG Energy has a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Edison International EIX reported first-quarter 2026 adjusted earnings of $1.42 per share, which surpassed the Zacks Consensus Estimate of $1.32 by 7.6%. The bottom line also increas...

Duke Energy Corporation's DUK first-quarter 2026 earnings of $1.93 per share surpassed the Zacks Consensus Estimate of $1.79 by 7.6%. The bottom line increased 9.7% from $1.76 reported in the year-ago quarter. Total operating revenues were $9.18 billion, which beat the Zacks Consensus Estimate of $8.4 billion by 9%. The top line increased 11.3% from $8.25 billion in the year-ago period. Duke Energy Corporation price-consensus-eps-surprise-chart | Duke Energy Corporation Quote Operating expenses amounted to $6.84 billion, up 15.6% year over year. The increase was primarily driven by higher expenses for fuel used in electric generation and purchased power, cost of natural gas, operation, maintenance and other and depreciation and amortization. The operating income totaled $2.73 billion compared with $2.34 billion in the year-ago quarter. Interest expenses rose to $968 million from $889 million in the first 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 0.3% year over year to 65,454 gigawatt-hours. Electric Utilities & Infrastructure: This segment’s adjusted earnings totaled $1.4 billion, up from $1.28 billion in the first quarter of 2025. This was primarily driven by the recovery of infrastructure investments aimed at reliably serving customers across its expanding jurisdictions, along with favorable weather conditions. These positives were partially offset by higher O&M expenses, including storm-related costs, as well as increased depreciation tied to a growing asset base. Gas Utilities & Infrastructure: Adjusted earnings from this segment amounted to $361 million compared with $349 million in the first quarter of 2025. 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 $263 million compared with a loss of $260 million in the first quarter of 2025. As of March 31, 2026, Duke Energy had cash & cash equivalents of $2.14 billion compared with $0.245 billion as of Dec. 31, 2025. As of March 31, 2026, the long-term debt was $80.48 billion compared with $80.11 billion as of Dec. 31, 2025. During the first three months of 2026, the company generated net cas...

Public Service Enterprise Group Incorporated PEG, or PSEG, reported first-quarter 2026 adjusted earnings of $1.55 per share, which beat the Zacks Consensus Estimate of $1.47 by 5.6%. Earnings increased 8.4% from the prior-year reported figure of $1.43. The company reported GAAP earnings per share (EPS) of $1.48 compared with $1.18 in the corresponding period of 2025. Operating revenues totaled $3.85 billion, which surpassed the Zacks Consensus Estimate of $3.27 billion by 17.6%. The top line also increased 19.4% from the year-ago figure of $3.22 billion. Public Service Enterprise Group Incorporated price-consensus-eps-surprise-chart | Public Service Enterprise Group Incorporated Quote Electric sales volume totaled 10,371 million kilowatt-hours, which increased 4% year over year. On the other hand, gas sales volume rose 7% to 1,464 million therms. Under electric sales, residential sales volume totaled 3,490 million kilowatt-hours, up 6% from the prior-year figure. Its commercial and industrial sales volume totaled 6,784 million kilowatt-hours, reflecting year-over-year growth of 3%. Other sales amounted to 97 million kilowatt-hours, down 4% from the year-ago recorded number. Total gas sales witnessed year-over-year growth of 5% in firm sales volume. Non-firm gas sales volume increased 24%. The operating income totaled $1.08 billion compared with $0.8 billion in the year-ago period, reflecting an increase of 34.9%. Total operating expenses were $2.77 billion, up 14.4% from the year-ago figure. Interest expenses amounted to $272 million, which increased 12.9% year over year. PSE&G: This segment’s net income was $577 million, up from $546 million in the first quarter of 2025. PSEG Power & Other: Adjusted operating income for this unit amounted to $201 million compared with $172 million in the prior-year quarter. The long-term debt (including the current portion of the long-term debt) as of March 31, 2026 was $23.09 billion compared with $22.55 billion as of Dec. 31, 2025. The net cash flow from operating activities was $1.27 billion during the first three months of 2026 compared with $1.05 billion during the first three months of 2025. PEG expects adjusted earnings to be in the range of $4.28-$4.40 per share. The Zacks Consensus Estimate for earnings is currently pegged at $4.36, which lies above the midpoint of the company’s guided range. PEG currently carries...

American Electric Power Company, Inc. AEP reported first-quarter 2026 operating earnings of $1.64 per share, which beat the Zacks Consensus Estimate of $1.55 by 5.8%. Operating earnings increased 6.5% from $1.54 in the year-ago quarter. On a GAAP basis, AEP posted earnings of $1.61 per share, up from $1.50 a year ago. AEP generated total revenues of $6.02 billion, up 10.2% from $5.46 billion in the prior-year quarter. The top line also came in ahead of the Zacks Consensus Estimate of $5.68 billion by 6.0%. The company’s quarter reflected continued demand growth across its service territory, with management pointing to seven gigawatts of new load agreements signed during the first quarter, largely in Ohio and Texas. AEP also highlighted that its incremental contracted load is expected to expand to 63 gigawatts by 2030, supported by signed agreements with large-load customers. American Electric Power Company, Inc. price-consensus-eps-surprise-chart | American Electric Power Company, Inc. Quote Vertically Integrated Utilities: Operating earnings increased to $464 million from $350 million in the year-ago quarter, supported by stronger underlying utility performance. This segment remained AEP’s largest profit contributor for the period. Transmission & Distribution Utilities: Operating earnings came in at $237 million, up from $192 million a year ago. The improvement reflected stronger results in the distribution-focused utilities compared with the prior-year base. AEP Transmission Holdco: Operating earnings totaled $209 million, down from $235 million in first-quarter 2025. Despite its strategic importance, this segment was the primary drag on year-over-year operating earnings growth. Generation & Marketing: Operating earnings rose to $90 million from $76 million a year earlier. The improvement indicated better performance in the company’s marketing, risk management and related market activities compared with the year-ago quarter. Corporate and Other: The segment reported an operating loss of $109 million, wider than the $30 million loss posted in the prior-year period. The larger loss meaningfully offset gains elsewhere across the portfolio. American Electric expects to generate earnings in the band of $6.15-$6.45 per share. The Zacks Consensus Estimate for earnings is pegged at $6.33 per share, which lies above the midpoint of the company’s projected range. Am...

National Fuel reported a “solid” Q2 with record adjusted EPS of $2.71 (up 13%) and about $160 million in free cash flow, and updated full‑year adjusted EPS guidance to $7.45–$7.75 while lowering the NYMEX assumption to $3.00/MMBtu and remaining roughly 75% hedged. Upstream delivered record segment EBITDA (>$300 million) despite weather that trimmed volumes by ~5 Bcf; production guidance was modestly cut to 425–440 Bcfe, and newer Gen‑4/Upper Utica well designs are showing stronger productivity. On the regulated and strategic front, the company is advancing pipeline/storage projects (Line N upgrade adds 94,000 decatherms/day, capex ~$93 million; Shippingport Lateral and Tioga Pathway on track for Nov 2026) and expects the CenterPoint acquisition to close in calendar Q4 with up to $1.5 billion planned financings while targeting a balance sheet below 2x debt/EBITDA year‑end. Interested in National Fuel Gas Company? Here are five stocks we like better. Energy Crunch Ahead: 3 Natural Gas Stocks Set to Gain National Fuel Gas (NYSE:NFG) reported what management called a “solid” second quarter of fiscal 2026, citing record adjusted earnings per share and strong performance across regulated and non-regulated operations amid severe winter weather. President and CEO David P. Bauer said the company delivered adjusted earnings per share of $2.71, up 13% from the prior year, extending what he described as a streak of double-digit EPS growth and keeping the company on track for a multi-year target of 10%+ average annual growth. Bauer highlighted operational resiliency during an extended cold snap in January and February, when some areas saw daily lows below freezing for 19 straight days. → Meta Posted Its Best Sales Growth Since 2021—So Why Did Shares Fall? 3 Dividend Kings With Royally Good Upside “Overall, our systems held up extremely well with no notable issues at our utility and pipeline and storage businesses,” Bauer said, adding that production and gathering facilities had “limited freeze-offs.” He noted, however, that heavy snowfall caused road closures that slowed completions and delayed flowback on a new pad, modestly affecting quarterly production and expected to similarly affect full-year volumes. Treasurer and CFO Timothy J. Silverstein said the quarter produced record EPS, “driven in large part by the strength of our natural gas marketing and hedging portfoli...

DTE Energy Company DTE delivered first-quarter 2026 earnings per share of $1.95, lagging the Zacks Consensus Estimate of $1.98 by 1.5%. The bottom line decreased 7.14% from the year-ago reported figure of $2.10. Results reflected continued customer-focused investment, highlighted by more than $1.2 billion deployed across the utilities during the quarter and an ongoing push to support large-load growth opportunities in Michigan. Beyond the quarter’s earnings surprise, DTE leaned into execution against its reliability and modernization agenda. During first-quarter 2026, the company invested $400 million in electric distribution infrastructure to strengthen grid resiliency. Those efforts were paired with operational outcomes management emphasized as evidence of progress. DTE cited 60% fewer outages compared with similar historical weather events in the first quarter, while noting that 99% of affected customers saw power restored in less than 48 hours. DTE Energy Company price-consensus-eps-surprise-chart | DTE Energy Company Quote While the company’s operating earnings were $407 million in the quarter, down from $436 million a year ago, the path to that outcome was shaped by sizable swings across segments. DTE Electric was a key offset, with operating earnings of $218 million compared with $147 million in first-quarter 2025. By contrast, the DTE Gas segment reported operating earnings of $210 million in first-quarter 2026, up from $206 million in the year-ago quarter. Non-Utility Operations delivered operating earnings of $23 million in first-quarter 2026, down from $73 million in the year-ago quarter. Large-load contracting continued to stand out as a strategic theme. DTE highlighted the 1.4 gigawatt (GW) Oracle data center agreement as approved and in plan, with construction started, and said it executed an agreement with Google to serve a 1.0 GW data center that has been submitted to the Michigan Public Service Commission for approval. Management framed these contracts around affordability and customer protections. The company quantified the Oracle project as providing about $300 million of annual affordability benefits for existing customers once fully ramped, while the Google agreement is expected to generate about $1.7 billion of affordability benefits over the life of the contract. DTE also pointed to additional pipeline discussions representing roughly...

IDACORP, Inc. IDA has reported first-quarter 2026 earnings of $1.21 per share, which topped the Zacks Consensus Estimate of $1.12 by 8%. The company’s earnings improved 10% from $1.10 in the year-ago quarter. The year-over-year improvement was due to customer growth and rate changes. Total revenues in the first quarter of 2026 were $403.4 million, lagging the Zacks Consensus Estimate of $460 million by 12.3%. The metric also declined 6.7% from $432.5 million in the year-ago quarter. IDACORP, Inc. price-consensus-eps-surprise-chart | IDACORP, Inc. Quote IDACORP’s customer volume increased 2.3% year over year for the 12 months ended on March 31, 2026. This boosted operating income by $5 million from the year-ago level. Other operations and maintenance expenses were $13.1 million, higher than the year-earlier level. This was mainly driven by increased wildfire mitigation program expenses and the amortization of previously deferred costs related to the conversion of generating units at the Jim Bridger power plant from coal to natural gas. IDACORP's net income increased $8.4 million from the prior-year level due to higher net income at Idaho Power. As of March 31, 2026, cash and cash equivalents were $337.8 million compared with $215.7 million as of Dec. 31, 2025. The long-term debt was $3.68 billion as of March 31, 2026, compared with $3.33 billion as of Dec. 31, 2025. In the first three months of 2026, net cash provided by operating activities was $75.8 million compared with $124.3 million in the prior-year period. IDACORP expects 2026 earnings of $6.25-$6.45 per share. The Zacks Consensus Estimate for earnings is pegged at $6.39 per share, 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 expects O&M expenses of $525-$535 million. Management anticipates adding hydropower of 5.5-7 MWh in 2026 compared with the previously mentioned 5.5-7.5 MWh. IDACORP 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 first-quarter 2026 adjusted earnings of 56 cents per share, which missed the Zacks Consensus Estimate of 58 cents by 3.8%. However, the bottom line increased 5.7% from 53 cents in the year-ago quarter. CNP generated revenues of $2.98 billion, which lagged the Zacks...

Entergy Corporation ETR reported first-quarter 2026 earnings of 86 cents per share, which missed the Zacks Consensus Estimate of 89 cents by 3.2%. However, the bottom line increased 4.9% from the year-ago quarter’s figure of 82 cents. Revenues climbed 12% year over year to $3.19 billion and topped the consensus mark of $3.01 billion by 6.1%. Operationally, demand remained firm. Weather-adjusted retail sales increased 6.0%, led by a 14.9% jump in industrial volume, reflecting higher sales to data center, primary metals and transportation customers. Entergy Corporation price-consensus-eps-surprise-chart | Entergy Corporation Quote ETR’s Utility business delivered $1.17 per share in earnings, up from $1.11 in the prior-year quarter, supported by the net effect of regulatory actions across operating companies and return on construction work in progress for certain utility plant investments. Parent & Other remained a drag. The segment posted an adjusted loss of 31 cents per share compared with a 29-cent loss a year ago, with higher interest expense cited as a key headwind. Results also included an $18 million pre-tax non-cash impairment charge related to the expected sale of a non-utility business interest in the Independence power plant, which was excluded from adjusted earnings. Despite the revenue upside and higher adjusted earnings, Entergy’s quarter fell short of expectations as financing and non-fuel costs weighed on per-share results. Interest expense increased year over year, reflecting higher debt balances and rising interest rates, and the company also cited higher depreciation and amortization tied to higher plant in service and rate-related changes. Total retail sales rose 4.5% year over year and weather-adjusted growth was stronger at 6.0%, as industrial demand more than offset softer residential and commercial usage. As of March 31, 2026, Entergy had cash and cash equivalents of $3.57 billion compared with $1.93 billion as of Dec. 31, 2025. Long-term debt totaled $31.15 billion compared with $27.9 billion as of Dec. 31, 2025. Entergy’s cash generation strengthened in the quarter. Net cash provided by operating activities totaled $829 million, up from $536 million a year ago. ETR reaffirmed 2026 adjusted earnings guidance of $4.25-$4.45 per share. The company also updated longer-term targets, lifting its adjusted earnings outlooks to $4.90-$5.20 for...