Energy & Utilities · Week of Nov 2, 2026
Q3 results bring data center deals and buybacks to energy
Third-quarter 2026 results dominated the week, with data center power deals, debt reduction and buybacks recurring across energy and utility issuers.
Eight companies reported third-quarter 2026 results during the week of Nov. 2, spanning utilities, offshore services, oil and gas, coal, nuclear fuel and digital infrastructure. Data center demand was a recurring theme. PPL says Invitium Energy agreed to nonbinding key commercial terms with QTS for about 2 GW of generation for a data center project. Hut 8 says a second 352 MW IT lease at Beacon Point brings expected base-term contract value across its AI data center portfolio to approximately $26.6 billion.
Capital returns and balance-sheet moves were the other common thread. Bristow, Hut 8 and Peabody reported share or note repurchases. Riley Permian prepaid its Senior Notes and raised its dividend. Bristow and Peabody also declared dividends. On the regulated side, PPL raised its long-term EPS growth target and set out a $25 billion 2027-2030 capital plan, while Southwest Gas completed its Nevada and California rate cases.
Bristow Group
Bristow Group Reports Third Quarter 2026 Results
Bristow Group reported Q3 2026 net income of $27.7 million, or $0.93 per diluted share, on revenues of $437.9 million, and affirmed the midpoint of its 2026 Adjusted EBITDA guidance of $300 - $320 million. The company repurchased 547,785 shares for $25.0 million and declared a $0.125 per share dividend payable November 27, 2026.
PPL Services Corporation
PPL Corporation Delivers Strong Third-Quarter 2026 Earnings; Raises Long‑Term EPS Growth Outlook
PPL reported Q3 2026 GAAP earnings of $0.49 per share and ongoing earnings of $0.54 per share, and raised its annual EPS growth target to 7% to 9% through at least 2030. The company announced a $25 billion capital plan for 2027 to 2030, which it projects will drive 10% average annual rate base growth, and says Invitium Energy agreed to nonbinding terms with QTS for about 2 GW of generation for a data center project.
Southwest Gas Holdings, Inc.
Southwest Gas Holdings, Inc. Reports Third Quarter 2026 Financial Results, Reaffirms Full-Year 2026 Guidance
Southwest Gas Holdings reported Q3 2026 net income from continuing operations of $12.8 million, or $0.18 per diluted share, and reaffirmed 2026 adjusted EPS guidance of $4.17 to $4.32. The company says its Nevada rate case provides nearly $48 million of incremental annual revenue and that its $2.3 billion Great Basin 2028 expansion project remains on track for a FERC CPCN filing by year-end.
Hornbeck Offshore Services, Inc.
Hornbeck Offshore Announces Third Quarter 2026 Results
Hornbeck Offshore reported Q3 2026 revenue of $293.3 million and a net loss of $(85.7) million, including $119.8 million of merger and integration costs and other items, in its first results to include legacy Helix operations after the merger closed September 1, 2026. The company guided Adjusted EBITDA of $500 million to $550 million for full-year 2027 and reported a contracted backlog of approximately $1.9 billion.
Riley Exploration Permian, Inc.
Riley Permian Reports Third Quarter 2026 Results
Riley Permian reported Q3 2026 revenues of $201 million and a net loss of $2 million, driven by a $100 million combined net loss on derivatives, as oil production rose 20% quarter-over-quarter to 25.4 MBbls/d. In October the company prepaid all $130 million of its Senior Notes, had its borrowing base raised to $450 million and raised its quarterly dividend 5% to $0.42 per share.
Hut 8 Corp.
Hut 8 Reports Third Quarter 2026 Results
Hut 8 reported Q3 2026 revenue of $71.1 million and net income of $189.5 million, including $413.8 million of primarily unrealized gains on digital assets. The company says a second 352 MW IT lease at Beacon Point represents approximately $9.8 billion in expected base-term contract value, and its board raised the repurchase authorization to $1.0 billion on November 2, 2026.
Centrus Energy Corp.
Centrus Reports Third Quarter 2026 Results
Centrus Energy reported Q3 2026 revenue of $55.5 million, down 26% year over year, and net income of $31.6 million driven by a $46.4 million warrant fair value gain, with a non-GAAP adjusted net loss of $9.4 million. The company reported a $7.0 billion backlog and says it began shipping centrifuges from Oak Ridge, Tennessee, ahead of its year-end target.
Peabody
Peabody Reports Results for the Quarter Ended September 30, 2026
Peabody reported a Q3 2026 net loss attributable to common stockholders of $(32.8) million, or $(0.27) per diluted share, narrower than a year earlier, with Adjusted EBITDA of $97.5 million. The company says faulting cut October Centurion production to approximately 45,000 tons, and it will redeem the remaining $39.9 million of 2028 convertible notes in November 2026.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not Economy Life reporting.