Electric utility Allegheny Energy Inc. (AYE) is scheduled to announce its fourth-quarter results on February 5. Analysts polled by Thomson Reuters expect a profit of $0.50 per share for the quarter, on revenues of $912.70 million. Analysts' forecast typically excludes one-time items. In the year-ago fourth quarter, the company earned $0.51 per share, with revenues totaling $707.84 million.
Headquartered in Greensburg, Pennsylvania, Allegheny owns and operates electric generation facilities and delivers electric services to customers in Pennsylvania, West Virginia, Maryland and Virginia. The company has three primary businesses, merchant generation, transmission expansion and utility operations.
The merchant generation business operates power plants primarily in Pennsylvania and West Virginia. Utility operations consist of transmission and distribution operations serving 1.6 million customers, primarily in small towns and rural areas. Southwestern Pennsylvania, excluding the city of Pittsburgh, provides about half of the company's regulated utility revenues.
For the preceding third quarter, Allegheny reported a decline in profit, hurt by charges and lower results from its generation business, which was affected by weak economy and low power prices. Third-quarter net income attributable to the company was $77 million or $0.45 per share, compared with $89 million or $0.52 per share in the same quarter last year.
The company's operating revenues totaled $793.7 million in the third quarter, down from $849.6 million in the prior-year quarter. Factors benefiting revenues included higher rates in Pennsylvania, increased cost recovery in Virginia, hedging activity, increased revenue from transmission expansion and increased sales to third parties.
Allegheny said earlier this week that it closed $1.3 billion program to improve the environmental performance at two of its largest power plants.
Among rivals, Dominion Resources Inc. (D) reported a decline in fourth-quarter earnings to $165 million or $0.28, on a substantial drop in revenues. Operating earnings were lower primarily due to higher outage costs, unfavorable weather in the regulated electric service territory and higher depreciation and amortization expenses.
Earnings for the fourth quarter declined to $165 million from $348 million year-ago period. Earnings per share for the quarter declined to $0.28 from $0.60 per share in the year-ago period.
The negatives were partially offset by higher contributions from the regulated electric utility and gas transmission businesses, higher contributions from unregulated retail energy marketing operations and lower income taxes.
PPL Corp. (PPL) today reported fourth-quarter net income attributable to the company of $153 million or $0.40 per share, compared to $277 million or $0.74 per share in the same quarter last year. Total operating revenues declined to $1.73 billion from $2.51 billion a year ago.
Another peer, FirstEnergy Corp. (FE) is expected to earn $0.77 per share for the fourth quarter, on revenues of $3.67 billion, according to analysts. In December 2009, the Akron, Ohio-based company has affirmed its full-year 2009 non-GAAP earnings guidance and issued earnings guidance for 2010.
AYE closed Thursday's trading at $20.49, down $0.52, on a volume of 5.05 million shares.
For comments and feedback contact: editorial@rttnews.com
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.