February 12, 2026 Darcy Reese, Vice President Investor Relations 614-716-2614 dlreese@aep.com Cautionary Note Regarding Forward- Looking Statements Fourth Quarter 2025 Earnings Presentation This presentation contains forward-looking statements. Words such as "expect," "anticipate," "intend," "plan," "believe," "will," "should," "could," "would," "project," "continue" and similar expressions, including statements reflecting future results or guidance and statements of outlook are intended to identify forward ...

Q4 2025 EARNINGS CONFERENCE CALL February 12, 2026 FORWARD-LOOKING INFORMATION Fortis includes forward-looking information in this presentation within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (collectively referred to as "forward-looking information"). Forward-looking information reflects expectations of Fortis management regarding future growth, results of operations, performance and business ...

Core Viewpoint - Exelon Corp. has initiated its adjusted operating earnings guidance for the full year 2026, projecting earnings between $2.81 and $2.91 per share, with analysts expecting an average of $2.83 per share [1] Group 1: Financial Performance - The company reaffirmed its operating earnings compounded annual growth rate of 5 to 7 percent from 2025 to 2029 [1] - Exelon's Board of Directors declared a regular quarterly dividend of $0.42 per share, payable on March 13, 2026, to shareholders of record as of March 2, 2026 [2] Group 2: Capital Investment - Exelon has a $41.3 billion four-year capital plan and anticipates a 7.9% growth in its rate base, positioning the company for annualized earnings growth near the top end of the 5% to 7% range through 2029 [2] Group 3: Market Performance - In pre-market trading, Exelon shares (EXC) are priced at $45.00, reflecting an increase of $0.55 or 1.24 percent [3]

American Electric Power surpassed Wall Street expectations for fourth-quarter profit on Thursday, and said it would expand its five-year capital expenditure plan beyond $72 billion to meet the surging... ...

INVESTOR PRESENTATION Q1 2026 FORWARD LOOKING INFORMATION Fortis includes forward-looking information in this presentation within the meaning of applicable Canadian securities laws and forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (collectively referred to as "forward-looking information"). Forward-looking information reflects expectations of Fortis management regarding future growth, results of operations, performance and business prospects and opport ...

Group 1 - Entergy Corp. projects adjusted earnings guidance for full-year 2026 in the range of $4.25 to $4.45 per share [1] - Analysts polled expect the company to report earnings of $4.40 per share for the quarter, based on estimates that typically exclude special items [1] - In pre-market trading, Entergy Corp. is trading at $97.75, down $2.46 or 2.45 percent [1]

Core Insights - PG&E's fourth-quarter net income decreased compared to the previous year, indicating a decline in profitability for the California power producer [1] - Despite the drop in net income, PG&E has raised the lower end of its projection for adjusted earnings in 2026, suggesting a more optimistic outlook for future performance [1] Financial Performance - The company reported a decline in net income for the fourth quarter, reflecting challenges in the current operating environment [1] - The adjustment to the earnings projection for 2026 indicates a strategic response to market conditions and potential recovery in earnings [1]

While reporting financial results for the fourth quarter on Thursday, utility PG&E Corp. (PCG) said it now expects core earnings for the full-year 2026 in the range of $1.64 to $1.66 per share, compared to the prior forecast range of $1.62 to $1.66 per share.On average, 16 analysts polled by Thomson Reuters expect the company to report earnings of $1.50 per share for the year. Analysts' estimates typically exclude special items.For the fourth quarter, the company reported net income of $642 million or $0.2 ...

Core Insights - Entergy Corporation reported fourth quarter 2025 earnings per share of 51 cents, with full year earnings per share at $3.91, reflecting a significant increase from 2024 [1][2] - The company emphasized its customer-first strategy, securing electric service agreements with data centers and industrial customers, contributing to its transformational growth [1][2] Financial Performance - Fourth quarter 2025 consolidated earnings were $236 million, down from $286 million in 2024, while full year earnings rose to $1,758 million from $1,056 million in 2024 [1][2] - Adjusted earnings for the fourth quarter were $236 million, compared to $291 million in 2024, and for the full year, adjusted earnings were $1,758 million, up from $1,577 million in 2024 [1][2] Business Segments - The Utility business reported earnings of $2,280 million for 2025, an increase from $1,827 million in 2024, driven by lower nuclear refueling outage expenses and higher retail sales volume [1][2] - Parent & Other segment reported a loss of $(521) million for 2025, an improvement from a loss of $(771) million in 2024, attributed to lower fuel and purchased power expenses [1][2] Regulatory and Operational Highlights - Entergy received several regulatory approvals for projects, including the acquisition of the Cottonwood generating facility and the construction of new solar facilities [1][2] - The company was recognized with a Corporate Citizenship Award and named a Top Utility in economic development for the 18th consecutive year [1][2] Guidance and Future Outlook - Entergy initiated its 2026 adjusted earnings per share guidance range of $4.25 to $4.45, indicating a positive outlook for the upcoming year [1][2]

Core Insights - Duke Energy has increased its five-year capital plan by an additional $16 billion, bringing the total to $103 billion, making it the largest spending plan among regulated U.S. utilities [1][4] - The company is currently spending over $1 billion per month to meet demand, with growth expected to accelerate in 2027 and 2028 due to new data centers connecting to the grid [2][3] - Duke Energy serves 8.7 million customers across several states and has received regulatory approval for rate increases in South Carolina, with a pending case in North Carolina [3] Capital Expenditure and Growth - The five-year capital plan has seen an 18% increase since November 2025 [4] - Duke Energy plans to add 14 GW of generation capacity and 4.5 GW of battery storage over the next five years [5][7] - The company aims to issue $10 billion in new equity by 2030 to fund its growth initiatives [7][9] Data Center and Generation Capacity - Duke Energy has signed agreements for 1.5 GW of new data center customers, totaling 4.5 GW in service agreements, with a pipeline exceeding 9 GW [4] - The company has recently completed a 100 MW battery installation, the largest in its system, and is developing 5 GW of new natural gas generation [7][8] Future Plans and Innovations - Duke Energy has filed for a site permit for a small modular nuclear reactor in Belews Creek, North Carolina, to enhance reliable power supply [8]