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● Reported net income was $282 million, or $1.35 per diluted share.
● CECONY contributed $74 million of the $62 million increase in GAAP earnings.
● Reported earnings were C$0.34 per share against C$0.45.
● Core earnings were $0.50 per share, down from $0.52.
● Operating cash flow rose to C$1,129 million from C$804 million.
● Operating income rose to $459 million from $411 million despite lower revenues.
● Management reaffirmed fiscal 2026 earnings guidance of $8.40 to $8.50 per diluted share.
● GAAP net income rose to $244 million, or $0.37 per diluted share.
Main Drivers and Recent Developments
PG&E fell 2.55% to USD 12.99 on October 14 on volume of 46.8 million shares, 1.28 times average, as utilities and rate-sensitive stocks lost ground on hot inflation data. The company will discuss third-quarter 2026 results on a call on October 22 at 11:00 …
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