Data by Company within Electric Utilities Industry
|
| |
Marketcap |
Revenues (TTM) |
Net Income (TTM) |
Employees |
| Company |
(Millions) |
(Millions) |
(Millions) |
Number |
| Nextera Energy Inc |
$ 137,117 |
$ 26,948 |
$ 7,175 |
15,000 |
| The Southern Company |
$ 76,168 |
$ 29,117 |
$ 3,144 |
27,300 |
| Duke Energy Corporation |
$ 71,864 |
$ 26,079 |
$ 3,458 |
27,605 |
| Pampa Energy Inc |
$ 55,425 |
$ 1,829 |
$ 457 |
- |
| Nisource Inc |
$ 44,224 |
$ 11,700 |
$ 689 |
8,800 |
| Dominion Energy Inc |
$ 41,453 |
$ 18,345 |
$ 2,332 |
17,100 |
| American Electric Power Co Inc |
$ 40,871 |
$ 19,471 |
$ 1,983 |
16,688 |
| Exelon Corporation |
$ 40,049 |
$ 19,465 |
$ 2,153 |
31,518 |
| Pg and e Corp |
$ 36,662 |
$ 22,263 |
$ 1,958 |
26,000 |
| Constellation Energy Corporation |
$ 35,867 |
$ 26,395 |
$ 761 |
11,696 |
| Xcel Energy Inc |
$ 32,971 |
$ 27,168 |
$ 1,734 |
11,321 |
| Consolidated Edison Inc |
$ 31,554 |
$ 15,542 |
$ 2,448 |
13,871 |
| Public Service Enterprise Group Incorporated |
$ 30,260 |
$ 11,587 |
$ 2,780 |
12,684 |
| Wec Energy Group Inc |
$ 26,990 |
$ 9,280 |
$ 1,352 |
6,938 |
| Edison International |
$ 26,207 |
$ 17,174 |
$ 1,170 |
13,003 |
| Eversource Energy |
$ 21,886 |
$ 12,670 |
$ 1,184 |
9,227 |
| Dte Energy Co |
$ 21,879 |
$ 16,190 |
$ 1,298 |
10,300 |
| Ameren Corporation |
$ 21,111 |
$ 8,174 |
$ 1,121 |
9,116 |
| Firstenergy Corp |
$ 20,693 |
$ 12,889 |
$ 523 |
12,395 |
| Entergy Corporation |
$ 20,488 |
$ 13,318 |
$ 1,358 |
12,369 |
| Ppl Corporation |
$ 18,550 |
$ 8,662 |
$ 761 |
5,607 |
| Centerpoint Energy Inc |
$ 17,914 |
$ 9,268 |
$ 779 |
12,901 |
| Cms energy Corporation |
$ 16,406 |
$ 6,921 |
$ 886 |
9,778 |
| Brazilian Electric Power Co |
$ 14,299 |
$ 6,474 |
$ 691 |
- |
| Avangrid Inc |
$ 12,941 |
$ 8,049 |
$ 499 |
6,600 |
| Alliant Energy Corp |
$ 12,910 |
$ 4,183 |
$ 658 |
3,313 |
| Vistra Corp |
$ 12,517 |
$ 16,629 |
$ 1,605 |
4,000 |
| Evergy Inc |
$ 12,357 |
$ 5,840 |
$ 770 |
4,930 |
| Nrg Energy Inc |
$ 8,962 |
$ 30,435 |
$ -2,055 |
6,635 |
| Pinnacle West Capital Corporation |
$ 8,848 |
$ 4,546 |
$ 423 |
91 |
| Huaneng Power International inc |
$ 8,389 |
$ 30,384 |
$ -1,959 |
46,544 |
| Brookfield Renewable Partners L p |
$ 7,066 |
$ 4,711 |
$ 138 |
3,000 |
| Oge Energy Corp |
$ 7,044 |
$ 3,145 |
$ 440 |
6,000 |
| Idacorp Inc |
$ 4,919 |
$ 1,784 |
$ 274 |
2,157 |
| Nextera Energy Partners Lp |
$ 4,515 |
$ 1,219 |
$ 188 |
467 |
| Ormat Technologies Inc |
$ 4,416 |
$ 761 |
$ 98 |
1,400 |
| Portland General Electric Company |
$ 4,221 |
$ 2,826 |
$ 222 |
100 |
| Korea Electric Power Corporation |
$ 4,205 |
$ 55,720 |
$ -4,863 |
43,446 |
| Pnm Resources Inc |
$ 3,855 |
$ 1,818 |
$ 283 |
2,772 |
| Black Hills Corporation |
$ 3,579 |
$ 2,586 |
$ 258 |
992 |
| Otter Tail Corporation |
$ 3,236 |
$ 1,362 |
$ 628 |
2,326 |
| Allete Inc |
$ 3,190 |
$ 1,912 |
$ 142 |
3,700 |
| Northwestern Corp |
$ 3,020 |
$ 1,505 |
$ 176 |
1,600 |
| Mge Energy Inc |
$ 2,657 |
$ 718 |
$ 115 |
714 |
| Avista Corporation |
$ 2,576 |
$ 1,724 |
$ 144 |
1,800 |
| Atlantica Sustainable Infrastructure Plc |
$ 2,459 |
$ 1,102 |
$ -2 |
1,500 |
| Renew Energy Global Plc |
$ 2,250 |
$ 912 |
$ -213 |
- |
| Enlight Renewable Energy Ltd |
$ 1,652 |
- |
$ 0 |
- |
| Hawaiian Electric Industries inc |
$ 1,380 |
$ 2,993 |
$ 253 |
- |
| Sunnova Energy International Inc |
$ 1,260 |
$ 673 |
$ -311 |
400 |
| Altus Power Inc |
$ 870 |
$ 133 |
$ -22 |
36 |
| Heliogen Inc |
$ 742 |
$ 11 |
$ -95 |
- |
| Unitil Corporation |
$ 738 |
$ 595 |
$ 43 |
705 |
| Genie Energy Ltd |
$ 396 |
$ 341 |
$ 63 |
244 |
| Broadscale Acquisition Corp |
$ 347 |
$ 10 |
$ 8 |
- |
| Atlantic Power Corporation |
$ 270 |
$ 581 |
$ 51 |
- |
| Clean Earth Acquisitions Corp |
$ 181 |
$ 4 |
$ 4 |
- |
| Via Renewables Inc |
$ 141 |
$ 521 |
$ -473 |
- |
| Oceantech Acquisitions I Corp |
$ 112 |
- |
$ 6 |
- |
| Eco Wave Power Global Ab publ |
$ 109 |
$ 0 |
$ -3 |
- |
| Azure Power Global Limited |
$ 81 |
$ 208 |
$ -57 |
1,391 |
| Bitech Technologies Corporation |
$ 56 |
$ 0 |
$ -1 |
- |
| Astra Energy Inc |
$ 23 |
- |
$ -3 |
- |
| Ocean Power Technologies Inc |
$ 22 |
$ 3 |
$ -26 |
- |
| Vivopower International Plc |
$ 7 |
$ 40 |
$ -8 |
- |
| Ocean Thermal Energy Corporation |
$ 3 |
- |
$ -5 |
10 |
| Aqua Power Systems Inc |
$ 2 |
- |
$ 0 |
- |
| Cleco Corporate Holdings Llc |
- |
$ 1,967 |
$ 253 |
- |
| Dpl Inc |
- |
$ 869 |
$ -5 |
- |
| Clearway Energy Llc |
- |
$ 1,251 |
$ 1,457 |
1,500 |
| Ipalco Enterprises Inc |
- |
$ 1,866 |
$ 78 |
- |
| Itc Holdings Corp. |
- |
$ 1,403 |
$ 421 |
- |
| Berkshire Hathaway Energy Company |
- |
$ 25,099 |
$ 6,059 |
- |
| Puget Energy Inc |
- |
$ 4,221 |
$ 414 |
- |
| Tennessee Valley Authority |
- |
$ 12,775 |
$ 723 |
10,000 |
| Wisconsin Electric Power Company |
- |
$ 4,047 |
$ 415 |
- |
| Wisconsin Public Service Corporation |
- |
$ 1,760 |
$ 232 |
1,400 |
| Brookfield Renewable Corporation |
- |
$ 3,778 |
$ 1,850 |
- |
| Clearway Energy Inc |
- |
$ 1,182 |
$ -116 |
480 |
| Energy Co Of Minas Gerais |
- |
$ 6,548 |
$ 778 |
7,000 |
| Kenon Holdings Ltd |
- |
- |
$ 875 |
- |
| Central Puerto S a |
- |
$ 2,647 |
$ 498 |
1,526 |
| Electric Utilities Industry |
- |
$ 636,327 |
$ 53,518 |
489,996 |
Recent News from Electric Utilities Industry |
|
Dividend
BOISE, Idaho - IDACORP, Inc. (NYSE: IDA), a major energy company based in Idaho, recently announced a significant 5.1% increase in its regular quarterly cash dividend on IDACORP's common stock to $0.83 per share. This decision was made by the company's Board of Directors, continuing a trend of annual dividend increases since 2011. The cumulative dividend growth achieved over the past decade has reached an impressive 177%, with an average annual growth rate of 8.1%. This announcement reflects the company's commitment to providing value to its shareholders even in the face of uncertainties in the energy sector.
Background:
IDACORP is a leading electric utility holding company that serves approximately 559,000 customers in Idaho and Oregon through its primary operating subsidiary, Idaho Power Company. The company plays a vital role in providing reliable and affordable electricity, supporting economic development, and working towards sustainable energy solutions in the region. IDACORP's commitment to dividend growth has significantly enhanced shareholder value over the years, a testament to its strong financial performance and stable operations within a dynamic industry.
|
|
|
Ocean Thermal Energy Corporation
Ocean Thermal Energy Corporation (OTEC) has recently released its financial results for the period of April to June 2023, revealing certain adjustments that stockholders had not anticipated. Despite facing operating shortfalls, a closer look at the figures suggests that the company is becoming more competitive and cost-effective. Additionally, OTEC's stock performance throughout the year has been impressive, with significant gains and steady growth.
Financial Analysis:
1. Operating Shortfall:
During the April-June 2023 period, OTEC experienced an operating shortfall of $-0.362602 million. This indicates that the company struggled to generate enough revenue to cover its expenses. However, compared to the previous quarter, OTEC's performance has improved significantly. In Q2 2022, the operating shortfall was $-0.389763 million, demonstrating the company's progress in becoming more cost-effective.
|
|
|
Genie Energy Ltd
Genie Energy Ltd (GNE) recently announced its financial results for the April to June 30, 2023 fiscal period, and it is evident that the company has faced some challenges. Despite a decline in income per share and net income, Genie Energy managed to see a significant increase in revenue during a period when the Electric Utilities industry as a whole experienced a decline.
In terms of earnings per share, Genie Energy saw a decrease from $1.30 in the same time frame a year ago to $0.57 this year. This drop may be concerning to some investors, as a substantial decline in earnings per share usually raises red flags. However, it is important to note that while the income per share declined, the revenue increased by 24.574%. This indicates that Genie Energy has been successful in growing its top line revenue despite the challenges faced by the industry.
|
|
|
Clearway Energy Inc
Clearway Energy Inc, a leading renewable energy company, has released its financial results for the period ending June 30, 2023. The company achieved a break-even point of $0.00 per share, representing a significant improvement compared to $0.30 per share in the same period last year and $0.37 per share in the preceding quarter. This is a positive sign for investors as it shows that the company has managed to cut its losses and stabilize its financial position.
One of the key drivers behind Clearway Energy's improved performance is its revenue growth. The company reported a 6.842% increase in revenue to $406.00 million, up from $380.00 million in the same quarter last year. This growth is even more impressive when compared sequentially, as the revenue surged by 40.972% from $288.00 million. This indicates that Clearway Energy has successfully expanded its operations and is generating more income from its renewable energy projects.
|
|
|
Oceantech Acquisitions I Corp
With the Electric Utilities industry facing closer scrutiny, the financial performance of Oceantech Acquisitions I Corp (OTEC) has come under analysis for the second quarter of 2023. The company's operating deficit of $-1.008654 million has caught the attention of industry reporters, especially as OTEC has not yet reported any revenue. The net deficit of $-0.538 million represents a significant increase from the previous year's $-0.006 million. As we eagerly await OTEC's upcoming financial reports on November 3, 2023, it is essential to consider how these figures will impact the company going forward.
1. Revenue Challenges:
The absence of reported revenue from OTEC during the April to June 30, 2023 reporting period is the most significant concern. A lack of revenue raises questions about OTEC's ability to generate income and its overall financial health. Without a sustainable revenue stream, the company may find it difficult to cover its operational costs, leading to continued deficits.
|
|
|
Bitech Technologies Corporation
As an esteemed reporter at The Wall Street Journal, I am privileged to dig deep into the financial performance of Bitech Technologies Corporation. The company's most recent fiscal results indicate an exceptional turnaround and impressive growth potential. Let's delve into the numbers and analyze the significance of these findings.
From a profitability standpoint, Bitech Technologies has achieved a major milestone by reaching balanced books of $0.00 per share in the latest fiscal period. This represents a substantial improvement from a loss of $-0.01 per share reported a year ago and maintains stable progress from the previous reporting period. This achievement underscores the company's successful efforts to streamline operations and enhance financial efficiency.
In terms of revenue, the company reported an unchanged figure of $0.00 million, compared to $0.08 million in the corresponding reporting period a year ago. This steady revenue stream demonstrates Bitech Technologies' ability to manage costs effectively and preserve profitability. Moreover, amid economically challenging times, maintaining consistent revenue levels is an impressive accomplishment that warrants commendation.
|
|
|
Clean Earth Acquisitions Corp
Introduction
Clean Earth Acquisitions Corp (CLINs) has recently reported an impressive surge in revenue for its second quarter of 2023, along with positive profitability. This seemingly positive news has attracted attention, particularly in an industry where many corporations are struggling. However, a closer analysis reveals several underlying concerns that suggest caution is warranted when evaluating the company's prospects.
Questionable Sustainability of Revenue Growth
Clean Earth Acquisitions Corp's revenue growth of 446.129% year-on-year to $1.71 million is undeniably impressive. However, it is crucial to consider the context surrounding this sudden rise. The entire Electric Utilities industry is facing headwinds and fighting against fading revenue. Many of Clean Earth Acquisitions Corp's peers are experiencing significant challenges, making the company's exceptional growth appear somewhat out of place.
|
|
|
Altus Power Inc
Altus Power Inc, listed on the NYSE, has experienced a moderate increase in its share price over the past week. However, despite this recent improvement, the company's shares still trade below the 52-week average. This article aims to interpret the financial results of Altus Power Inc and discuss their potential impact on the company's future.
Financial Results Overview:
Altus Power Inc recently reported earnings per share (EPS) of $0.04 and revenue of $29.38 million in its most recent fiscal period. Although the EPS declined by $0.04 compared to the same period last year (which saw an EPS of $0.16), the company witnessed a significant 87.84% increase in revenue.
|
|
|
Oge Energy Corp
OGE Energy Corp Announces Strong Income Growth and Margin Improvement in Q2 2023
OGE Energy Corp, a leading energy company, reported a remarkable improvement in its income for the second quarter of 2023, with earnings per share (EPS) increasing by 22.22% to $0.44. This positive development comes despite a decline in revenue by -24.723% to $605.00 million compared to the same period last year.
Contrasting the declining revenue, OGE Energy Corp witnessed a significant boost in its Q1 revenue, which rose by 8.579% from $557.20 million. Additionally, the EPS more than doubled, increasing by 131.58% from $0.19 per share. The company's net earnings also saw a substantial increase of 20.93% to $88.400 million in the April to June 30, 2023 timeframe, compared to $73.100 million during the same period a year ago.
|
|
|
Vistra Corp
The stock market is constantly buzzing with news and updates from various companies, reflecting the ever-changing dynamics of industries. One such notable company is Vistra Corp, an electric utilities company that has recently caught the attention of investors and industry observers.
Revenue Growth and Profit Turnaround:
Vistra Corp's April to June 2023 financial report showcases a remarkable improvement in revenue. The company experienced a significant increase of 100.819% year on year, reaching $3.19 billion. This growth is particularly notable in light of the -2.68% decline witnessed by the remainder of the Electric Utilities sector.
|
|
|
|
|
|
