Wednesday, UniSource Energy Corp. (UNS) reported third-quarter net income of $58 million or $1.45 per share, compared to a net loss of $11 million or $0.31 per share a year ago. Total operating revenues for the quarter increased 6.8% to $414.24 million from $387.85 million.
On average, analysts expected earnings of $1.45 per share on revenues of $416.05 million for the quarter. Improvement in third quarter earnings is due primarily to hot summer weather, significantly lower fuel and purchased power expenses, and operating cost containment, the company said.
UniSource reaffirmed its 2009 GAAP earnings guidance of $2.55 to $2.70 per diluted share. Analysts expect earnings of $2.61 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.