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Con Edison Reports 2021 First Quarter Earnings


Con Edison Reports 2021 First Quarter Earnings
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NEW YORK, May 6, 2021 /PRNewswire/ Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2021 first quarter net income for common stock of $419 million or $1.23 a share compared with $375 million or $1.13 a share in the 2020 first quarter. Adjusted earnings were $491 million or $1.44 a share in the 2021 period compared with $451 million or $1.35 a share in the 2020 period. Adjusted earnings and adjusted earnings per share in the 2021 period exclude the impact of the impairment loss related to Con Edison s investment in Stagecoach Gas Services, LLC (Stagecoach). Adjusted earnings and adjusted earnings per share in the 2021 and 2020 periods exclude the effects of hypothetical liquidation at book value (HLBV) accounting for tax equity investments in certain renewable and sustainable electric production projects of Con Edison Clean Energy Businesses, Inc. ....

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NorthWestern Reports First Quarter 2021 Financial Results


NorthWestern Reports First Quarter 2021 Financial Results
Company reports GAAP diluted earnings per share of $1.24 for the quarter, affirms 2021 earnings guidance and announces a $0.62 per share quarterly dividend payable June 30, 2021
BUTTE, Mont. and SIOUX FALLS, S.D., April 21, 2021 (GLOBE NEWSWIRE) NorthWestern Corporation d/b/a NorthWestern Energy (Nasdaq: NWE) reported financial results for the three months ended March 31, 2021. Net income for the period was $63.1 million, or $1.24 per diluted share, as compared with net income of $50.7 million, or $1.00 per diluted share, for the same period in 2020. This increase was primarily due to improved gross margin from colder winter weather and lower operating costs, partly offset by higher Montana electric supply costs and depreciation expense, and lower income tax benefit. ....

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