4 Utilities Stocks Reviewed After Earnings

Progress Energy Inc. (NYSE:PGN) reported its results for the first quarter. Net income for the utility-electric power fell to $150 million (51 cents per share) vs. $184 million (62 cents per share) a year earlier. This is a decline of 18.5% from the year-earlier quarter. Revenue fell 3.5% to $2.09 billion from the year-earlier quarter. Progress Energy Inc. reported adjusted net income of 48 cents per share. By that measure, the company fell short of mean estimate of 64 cents per share. It fell short of the average revenue estimate of $2.23 billion.

NRG Energy Inc. (NYSE:NRG) reported its results for the first quarter. Loss narrowed to $206 million (loss of 92 cents per diluted share) from $260 million (loss of $1.06 per share) in the same quarter a year earlier. Revenue fell 6.7% to $1.86 billion from the year-earlier quarter. NRG Energy Inc. fell short of the mean analyst estimate of a loss of 11 cents per share. It fell short of the average revenue estimate of $2.2 billion.

Northeast Utilities Systems (NYSE:NU) reported its results for the first quarter. Net income for Northeast Utilities Systems fell to $99.3 million (56 cents per share) vs. $114.2 million (64 cents per share) a year earlier. This is a decline of 13% from the year-earlier quarter. Revenue fell 11% to $1.1 billion from the year-earlier quarter. Northeast Utilities Systems fell short of the mean analyst estimate of 69 cents per share. It fell short of the average revenue estimate of $1.41 billion.

CenterPoint Energy Inc. (NYSE:CNP) posted a decrease in profit as revenue declined. Net income for CenterPoint Energy Inc. fell to $147 million (34 cents per share) vs. $148 million (35 cents per share) a year earlier. This is a decline of 0.7% from the year-earlier quarter. Revenue fell 19.4% to $2.08 billion from the year-earlier quarter. CenterPoint Energy Inc. beat the mean analyst estimate of 33 cents per share. It fell short of the average revenue estimate of $2.69 billion.