4 th Quarter 2025 Investor Update PPL CORPORATION February 20, 2026 Cautionary Statements and Factors That May Affect Future Results Statements made in this presentation about future operating results or other future events are forward-looking statements under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the forward-looking statements. A discussion of some of the factors that could cause actual results or events to vary is cont ...

Alliant Energy Corporation Q4 2025 Earnings Call February 20, 2026 2025 Q4 Earnings Call 2 ALLIANT ENERGY 2025 Highlights 6.3% 10-year earnings CAGR | Financial Results | 2025 | 2024 | | --- | --- | --- | | GAAP net income (in millions) | $810 | $690 | | GAAP earnings per share (EPS) | $3.14 | $2.69 | | Ongoing EPS | $3.22 | $3.04 | Cautionary Statements Forward-looking Statements The information regarding earnings per share guidance, dividend target, earnings per share growth, load growth, capital expendit ...

Core Insights - Alliant Energy Corporation (LNT) reported fourth-quarter 2025 operating earnings of 60 cents per share, exceeding the Zacks Consensus Estimate of 58 cents by 3.45%, but down 14.29% from 70 cents in the same quarter last year [1] - The company achieved total revenues of $1.06 billion, surpassing the Zacks Consensus Estimate of $0.94 billion by 13.45%, and reflecting a year-over-year increase of 9.01% from $0.98 billion [2] - Adjusted earnings for 2025 were reported at $3.22 per share, a 5.92% increase from $3.04 in 2024 [1] Financial Performance - Total operating expenses rose to $868 million, a 15.12% increase from $754 million in the previous year, primarily due to higher costs in electric production fuel and purchased power [3] - Operating income decreased to $196 million, down 11.71% from $222 million in the year-ago period [3] - Interest expenses increased by 16.7% to $140 million compared to the prior year [4] Sales and Production - Total utility electric sales were reported at 7,907 thousand megawatt-hours, a decrease of 2.58% from the previous year [4] - Total utility gas sold and transported increased to 46,558 thousand dekatherms, reflecting a year-over-year growth of 4.63% [4] Cash Flow and Debt - As of December 31, 2025, cash and cash equivalents stood at $556 million, a significant increase from $81 million as of December 31, 2024 [5] - Long-term debt rose to $10.95 billion from $8.68 billion in the previous year [5] - Cash flow from operating activities was reported at $1.169 billion, slightly up from $1.167 billion in the prior year [5] Future Guidance - For 2026, Alliant Energy expects earnings per share to be in the range of $3.36 to $3.46, with long-term EPS growth projected at 5-7% for 2027-2029 [8] - The company anticipates a 1% growth in retail sales, driven by data center construction and commissioning sales [9] - Planned capital expenditures for 2026 are estimated at $3 billion, with a total of $13.4 billion earmarked for the period from 2026 to 2029 [9]

Core Insights - Consolidated Edison, Inc. reported fourth-quarter 2025 adjusted earnings of 89 cents per share, exceeding the Zacks Consensus Estimate of 84 cents by 5.6%, but down 9.2% from 98 cents in the prior-year quarter [1] - The company generated total revenues of $3.99 billion in the reported quarter, surpassing the Zacks Consensus Estimate of $3.7 billion by 8.1% and increasing 8.9% from $3.67 billion in the year-ago quarter [2] - For 2025, adjusted earnings were $5.70 per share, up from $5.40 in 2024, with total revenues reaching $16.92 billion compared to $15.26 billion in 2024 [1][2] Revenue Breakdown - Electric revenues totaled $2.88 billion, a 5.9% increase from $2.72 billion in the year-ago quarter [3] - Gas revenues surged 16.1% to $923 million from $795 million in the prior-year quarter [3] - Steam revenues rose 20.6% to $187 million compared to $155 million in the year-ago quarter [3] - Non-utility revenues amounted to $1 million, up from nil in the year-ago quarter [3] Operating Expenses - Total operating expenses in the fourth quarter increased 11.1% year over year to $3.51 billion [4] - Purchase power costs rose 6.8%, while other operations and maintenance expenses increased by 5.9% [4] - Depreciation and amortization expenses jumped 7.4%, and taxes other than income taxes went up 15.7% year over year [4] - Fuel expenses surged 67.5% year over year, and the cost of gas purchased for resale rose 28.4% [4] Financial Position - Cash and temporary cash investments as of December 31, 2025, totaled $1.63 billion, up from $1.32 billion as of December 31, 2024 [6] - Long-term debt was $25.55 billion as of December 31, 2025, compared to $24.65 billion at the end of 2024 [6] Future Guidance - The company expects adjusted earnings for 2026 to be in the range of $6.00-$6.20 per share, with a five-year adjusted EPS growth rate projected at 6-7% [9] - Consolidated Edison plans to invest $38 billion in capital from 2026 to 2030 [9] Market Position - Consolidated Edison currently holds a Zacks Rank 2 (Buy) [10]

Core Viewpoint - PPL Corp. expects full-year 2026 earnings per share to be in the range of $1.90 to $1.98, with a commitment to annual earnings growth of 6 to 8 percent through 2029, particularly stronger growth anticipated from 2027 onwards [1] Group 1: Financial Performance and Projections - The company projects earnings per share for 2026 to be between $1.90 and $1.98 [1] - PPL aims for annual earnings per share growth of 6 to 8 percent through 2029, with growth expected to be in the top half of this range based on 2025 earnings of $1.81 per share [1] Group 2: Capital Investments and Dividends - Planned infrastructure investments have been increased to $23 billion from 2026 through 2029, up from a previous plan of $20 billion from 2025 to 2028 [2] - PPL announced a 4.6 percent increase in its quarterly common stock dividend, raising it to $0.2850 per share from $0.2725 per share, effective April 1, 2026 [2] - The company targets annual dividend growth of 4% to 6% to support reinvestment [3] Group 3: Market Performance - In pre-market trading, PPL shares are priced at $35.54, reflecting a decrease of $1.43 or 3.87 percent [4]

Group 1 - The core focus during the Spring Festival is ensuring the supply of essential goods, with State Grid Tianjin Electric Power emphasizing reliable electricity supply for supermarkets and cold chain logistics to support citizens' needs [1] - Tianjin SM Binhai City Plaza experiences a significant increase in electricity demand due to high customer traffic during the Spring Festival, prompting the establishment of a dedicated electricity service team to conduct comprehensive inspections of key areas [2] - Emergency power supply systems in supermarkets are thoroughly tested to ensure operational stability, with a 24-hour emergency response service implemented to guarantee safe and reliable electricity for essential facilities [4] Group 2 - Tianjin Haijixing Agricultural Products Logistics Park plays a crucial role in supplying over 60% of the city's vegetables, operating at full capacity during the Spring Festival [6] - State Grid Tianjin Jinghai Company conducts specialized inspections of the logistics park's power supply equipment, utilizing advanced technologies like infrared temperature measurement and drone inspections to identify potential power supply risks [6] - The company has enhanced the park's power capacity by constructing dual power supply lines, ensuring that diverse electricity needs for cold chain storage and e-commerce operations are met [6]

This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. Evergy’s utilities are signing deals with major data center operators and increasing their capital expenditure plans on approved power plant and renewable energy additions, company officials said Thursday during a fourth-quarter earnings conference call. Evergy’s capital plan includes building nearly 1.9 GW of gas-fired generation in Missouri and Kansas for about $4 ...

Core Insights - Southern California Edison has initiated a Wildfire Recovery Compensation Program to compensate victims of the Eaton Fire, potentially affecting tens of thousands of claimants [1] - The company has recorded approximately $1 billion in liabilities related to the Eaton Fire, including 2,405 claims and 593 offers totaling over $183 million [2][3] Financial Overview - The estimated total potential liability for the Eaton Fire is projected at $13.5 billion, based on an assumption of 2.5 claims per 18,000 properties at $300,000 per claim [9] - Edison International has a 5-year capital spending plan ranging from $38 billion to $41 billion [4] - The company has invested $12 billion in safety and reliability upgrades over the past two years [5] Incident Details - The cause of the Eaton Fire remains undetermined, but there is a prevailing theory that an idle transmission line owned by Southern California Edison may have sparked the blaze [6] - The company has photographic evidence of anomalies in the grounding of the suspect line and has since adopted a policy of grounding idle lines every two miles [6][7] - Approximately 18,000 properties are eligible for payouts under the compensation program, with many properties potentially representing multiple claims [8] Community Support - Edison International has contributed $2 million to the Pasadena Community Foundation to support survivors of the Eaton Fire [9]

转自：新华财经 2月17日，大年初一，国网天津高压公司对220千伏津奥变电站开展智能化运维保障。工作人员依托数字孪生系统，实时查看站内设备三维模型与运行参数， 通过4752个智能巡视点位、145路高清摄像头，实现设备状态、红外测温等数据全天候无死角采集。该系统通过1:1数字建模与数据实时接入，让远程监测、 应急指挥更加高效精准。 同时，智能四足机器狗在站内开展自主巡检，通过双光摄像头完成表计读取、红外测温等标准化作业，有效提升巡检精细度，减轻人工值守压力。春节期 间，国网天津高压公司实行"人巡+技巡"协同模式，全力保障重要变电站安全稳定运行。 Career El 无人机+智能监测 织密输电线路防护网 在国网天津城南公司供电区域，无人机依托智能机巢系统开展线路自主巡检，20分钟内即可精准识别人工难以发现的线路微小隐患。区域内14处无人机机 巢、523条规划航线，实现无人机自主充电、数据回传、循环作业，巡检效率大幅提升。配套投用的"小南2.0"工单指挥机器人，实现工单智能主动派发，有 效避免工单延误，提升配网抢修处置效率。 国网天津城东公司运用新一代激光点云雷达监测系统，对重点输电线路通道进行毫米级三维扫描，精准 ...

Core Insights - EDF reported strong operational and financial results for 2025, driven by high nuclear power output and effective management of operational performance [2][4][6] - The company achieved a consolidated sales figure of €113.3 billion and an EBITDA of €29.3 billion, despite a decline from the previous year due to falling market prices [2][30] - EDF's net financial debt decreased to €51.5 billion, reflecting positive cash flow and effective debt management strategies [2][9][47] Financial Performance - Electricity output reached 515 TWh, with nuclear power contributing 373 TWh, marking the highest output in six years [2][16] - EBITDA decreased by 19.2% from €36.5 billion in 2024 to €29.3 billion in 2025, primarily due to lower sales prices and reduced hydropower output [6][18] - Net income attributable to the Group was €8.4 billion, down from €11.4 billion in 2024, largely due to lower EBITDA and non-recurring items [8][30] Operational Highlights - Nuclear output in France increased by 11.3 TWh to 373 TWh, while hydropower output decreased by 9.1 TWh to 46.4 TWh [16][19] - The company successfully reached 100% power at Flamanville 3 and provided a cost estimate of €72.8 billion for the EPR2 program [4][16] - EDF signed 47 TWh of medium- and long-term contracts by the end of 2025, enhancing stability for electricity-intensive customers [12] Market Position and Strategy - EDF's commitment to low-carbon electricity is reflected in its 95% carbon-free electricity output and a carbon intensity of 26.5 gCO2/kWh, which is 10.5% lower than in 2024 [16][42] - The company is focused on enhancing its operational performance through investments in nuclear and renewable energy projects, including Hinkley Point C and Sizewell C [4][16] - EDF aims to maintain a strong financial position with targets for net financial debt to EBITDA ratio of ≤ 2.5x and adjusted economic debt to adjusted EBITDA ratio of ≤ 4x by 2027 [5][6]