Utilities

American Water Works grew Q2 2026 diluted EPS 8.8% to $1.61 on $52 million of authorized rate increases, but a favourable weather comparison and the permanent loss of Homeowner Services interest income flatter the result, while regulators keep awarding ROEs of 9.55-9.80% against 10.50-10.75% requests.

AEP grew revenue 7% and retail volumes 8.2% on data-center load, but GAAP EPS fell 43% against a 2025 quarter inflated by a $480 million FERC order; guidance was raised to $6.25–$6.55 even as allowed returns get negotiated down.

Ameren's Q2 2026 revenue fell 5.8% while diluted EPS rose 11.9% to $1.13, a gap driven almost entirely by a MISO capacity-price collapse that passes through to customers — but reaffirmed full-year guidance of $5.25–$5.45 implies second-half EPS 7% to 13% below the prior year.

Alliant Energy's Q2 2026 diluted EPS slipped to $0.65 from $0.68 as regulated utility earnings fell $42 million on higher O&M, depreciation and interest, with a $33 million swing in venture-fund equity income and a larger tax benefit covering most of the gap; management reaffirmed 2026 ongoing EPS guidance of $3.36-$3.46 and said results trend to the upper half.

AES grew Q1 2026 revenue 9% to $3.18bn but lifted operating margin 45% to $640m on a one-off US development-services fee, an AES Ohio rate increase and the absence of prior-year restructuring costs — reported in the first quarter under a signed $15.00-per-share take-private by GIP and EQT.

AES swung to $387M of net income on 20% revenue growth, but roughly half the improvement came from a $186M Fluence share sale, derivative gains and development fees — all while the company sits under a signed $15.00-per-share take-private by GIP and EQT.