Earnings Surprises

Biggest EPS beats and misses, ranked by post-earnings price reaction. Free data, no paywall.

Q2 2026 Season
52% beat EPSAvg surprise: -43.9%Avg reaction: +0.2%15% raised guidance1% lowered4,810 reportedLast 12 Months
Biggest EPS Beats25

Ranked by EPS surprise % (highest first). Price reaction = day after report.

#SymbolCompanySectorDateEPS ActualEPS Est.SurprisePrice Reaction
1AXIA Energia S.A.UtilitiesMar 13, 2026$1.11$0.18+531%+1.5%
2Pampa Energía S.A.UtilitiesMar 2, 2026$3.00$0.65+362%-3.2%
3TransAlta CorporationUtilitiesMay 6, 2026$0.04$0.01+300%+1.4%
4Central Puerto S.A.UtilitiesMay 12, 2026$0.90$0.26+251%-2.5%
5Pinnacle West Capital CorporationUtilitiesFeb 25, 2026$0.13$0.05+160%-0.5%
6Companhia Energética de Minas GeraisUtilitiesMar 20, 2026$0.13$0.05+146%+7.1%
7Companhia Energética de Minas GeraisUtilitiesMar 23, 2026$0.13$0.05+146%+3.1%
8Companhia Energética de Minas GeraisUtilitiesMar 20, 2026$0.13$0.05+139%+2.2%
9Pampa Energía S.A.UtilitiesMay 8, 2026$3.90$1.64+138%-0.7%
10Vistra Corp.UtilitiesMay 7, 2026$2.87— Maintained$1.32+117%-6.7%

Vistra had an exciting start to 2026, powered by the talent of our people, the capabilities of our generation portfolio, our commitment to our customers, and our ability to grow strategically.

11Pampa Energía S.A.UtilitiesMay 6, 2026$3.90$1.93+102%+4.7%
12Algonquin Power & Utilities Corp.UtilitiesMar 6, 2026$0.06$0.04+50.0%-10.0%
13Ormat Technologies, Inc.UtilitiesMay 6, 2026$1.30— Maintained$0.92+41.3%+6.0%

Ormat is off to a very strong start in 2026, delivering continued revenue growth across all segments alongside continued progress on our growth and funding strategies.

14Edison InternationalUtilitiesFeb 18, 2026$1.87$1.37+36.5%+1.6%
15Enel Chile S.A.UtilitiesApr 29, 2026$0.12$0.09+34.8%+0.2%
16The AES CorporationUtilitiesMay 5, 2026$0.67$0.50+34.0%+0.4%
17Companhia Energética de Minas GeraisUtilitiesMay 8, 2026$0.07$0.05+32.9%0.0%
18Companhia Energética de Minas GeraisUtilitiesMay 7, 2026$0.07$0.05+32.9%-1.2%
19The AES CorporationUtilitiesMar 2, 2026$0.81$0.62+30.6%-17.9%
20Essential Utilities, Inc.UtilitiesFeb 25, 2026$0.47$0.36+30.6%+0.1%
21Select Water Solutions, Inc.UtilitiesMay 5, 2026$0.08$0.06+28.8%+5.1%
22Otter Tail CorporationUtilitiesMay 4, 2026$1.73— Maintained$1.42+21.8%-2.3%

We are pleased with our first quarter financial results and are well positioned to achieve our financial objectives for the year. Our team members executed on our near-term priorities for the benefit of our customers and shareholders.

23Suburban Propane Partners, L.P.UtilitiesMay 7, 2026$2.06$1.74+18.4%+3.5%

The fiscal 2026 second quarter presented a vastly different weather pattern across our operating footprint, with sustained colder temperatures and several winter storms across the eastern half of the United States that drove strong heat-related demand, offset by record warm temperatures in the western half.

24Algonquin Power & Utilities Corp.UtilitiesMay 8, 2026$0.13$0.11+18.2%-4.9%
25MGE Energy, Inc.UtilitiesMay 5, 2026$1.32$1.13+16.8%+0.9%
AXIA logo1AXIAAXIA Energia S.A.Mar 13, 2026
Mkt Cap$23.7B
EPS Act.$1.11
EPS Est.$0.18
Surprise+531%
Reaction+1.5%
SectorUtilities
PAM logo2PAMPampa Energía S.A.Mar 2, 2026
Mkt Cap$4.5B
EPS Act.$3.00
EPS Est.$0.65
Surprise+362%
Reaction-3.2%
SectorUtilities
TAC logo3TACTransAlta CorporationMay 6, 2026
Mkt Cap$4.1B
EPS Act.$0.04
EPS Est.$0.01
Surprise+300%
Reaction+1.4%
SectorUtilities
CEPU logo4CEPUCentral Puerto S.A.May 12, 2026
Mkt Cap$2.2B
EPS Act.$0.90
EPS Est.$0.26
Surprise+251%
Reaction-2.5%
SectorUtilities
PNW logo5PNWPinnacle West Capital CorporationFeb 25, 2026
Mkt Cap$13.0B
EPS Act.$0.13
EPS Est.$0.05
Surprise+160%
Reaction-0.5%
SectorUtilities
CIG-C logo6CIG-CCompanhia Energética de Minas GeraisMar 20, 2026
Mkt Cap$8.7B
EPS Act.$0.13
EPS Est.$0.05
Surprise+146%
Reaction+7.1%
SectorUtilities
CIG logo7CIGCompanhia Energética de Minas GeraisMar 23, 2026
Mkt Cap$6.0B
EPS Act.$0.13
EPS Est.$0.05
Surprise+146%
Reaction+3.1%
SectorUtilities
CIG logo8CIGCompanhia Energética de Minas GeraisMar 20, 2026
Mkt Cap$6.0B
EPS Act.$0.13
EPS Est.$0.05
Surprise+139%
Reaction+2.2%
SectorUtilities
PAM logo9PAMPampa Energía S.A.May 8, 2026
Mkt Cap$4.5B
EPS Act.$3.90
EPS Est.$1.64
Surprise+138%
Reaction-0.7%
SectorUtilities
VST logo10VSTVistra Corp.May 7, 2026
Mkt Cap$53.5B
EPS Act.$2.87
EPS Est.$1.32
Surprise+117%
Reaction-6.7%
SectorUtilities

Vistra had an exciting start to 2026, powered by the talent of our people, the capabilities of our generation portfolio, our commitment to our customers, and our ability to grow strategically.

PAM logo11PAMPampa Energía S.A.May 6, 2026
Mkt Cap$4.5B
EPS Act.$3.90
EPS Est.$1.93
Surprise+102%
Reaction+4.7%
SectorUtilities
AQN logo12AQNAlgonquin Power & Utilities Corp.Mar 6, 2026
Mkt Cap$4.5B
EPS Act.$0.06
EPS Est.$0.04
Surprise+50.0%
Reaction-10.0%
SectorUtilities
ORA logo13ORAOrmat Technologies, Inc.May 6, 2026
Mkt Cap$6.7B
EPS Act.$1.30
EPS Est.$0.92
Surprise+41.3%
Reaction+6.0%
SectorUtilities

Ormat is off to a very strong start in 2026, delivering continued revenue growth across all segments alongside continued progress on our growth and funding strategies.

EIX logo14EIXEdison InternationalFeb 18, 2026
Mkt Cap$28.6B
EPS Act.$1.87
EPS Est.$1.37
Surprise+36.5%
Reaction+1.6%
SectorUtilities
ENIC logo15ENICEnel Chile S.A.Apr 29, 2026
Mkt Cap$6.2B
EPS Act.$0.12
EPS Est.$0.09
Surprise+34.8%
Reaction+0.2%
SectorUtilities
AES logo16AESThe AES CorporationMay 5, 2026
Mkt Cap$10.5B
EPS Act.$0.67
EPS Est.$0.50
Surprise+34.0%
Reaction+0.4%
SectorUtilities
CIG-C logo17CIG-CCompanhia Energética de Minas GeraisMay 8, 2026
Mkt Cap$8.7B
EPS Act.$0.07
EPS Est.$0.05
Surprise+32.9%
Reaction0.0%
SectorUtilities
CIG logo18CIGCompanhia Energética de Minas GeraisMay 7, 2026
Mkt Cap$6.0B
EPS Act.$0.07
EPS Est.$0.05
Surprise+32.9%
Reaction-1.2%
SectorUtilities
AES logo19AESThe AES CorporationMar 2, 2026
Mkt Cap$10.5B
EPS Act.$0.81
EPS Est.$0.62
Surprise+30.6%
Reaction-17.9%
SectorUtilities
WTRG logo20WTRGEssential Utilities, Inc.Feb 25, 2026
Mkt Cap$10.9B
EPS Act.$0.47
EPS Est.$0.36
Surprise+30.6%
Reaction+0.1%
SectorUtilities
WTTR logo21WTTRSelect Water Solutions, Inc.May 5, 2026
Mkt Cap$2.2B
EPS Act.$0.08
EPS Est.$0.06
Surprise+28.8%
Reaction+5.1%
SectorUtilities
OTTR logo22OTTROtter Tail CorporationMay 4, 2026
Mkt Cap$3.8B
EPS Act.$1.73
EPS Est.$1.42
Surprise+21.8%
Reaction-2.3%
SectorUtilities

We are pleased with our first quarter financial results and are well positioned to achieve our financial objectives for the year. Our team members executed on our near-term priorities for the benefit of our customers and shareholders.

SPH logo23SPHSuburban Propane Partners, L.P.May 7, 2026
Mkt Cap$1.1B
EPS Act.$2.06
EPS Est.$1.74
Surprise+18.4%
Reaction+3.5%
SectorUtilities

The fiscal 2026 second quarter presented a vastly different weather pattern across our operating footprint, with sustained colder temperatures and several winter storms across the eastern half of the United States that drove strong heat-related demand, offset by record warm temperatures in the western half.

AQN logo24AQNAlgonquin Power & Utilities Corp.May 8, 2026
Mkt Cap$4.5B
EPS Act.$0.13
EPS Est.$0.11
Surprise+18.2%
Reaction-4.9%
SectorUtilities
MGEE logo25MGEEMGE Energy, Inc.May 5, 2026
Mkt Cap$3.0B
EPS Act.$1.32
EPS Est.$1.13
Surprise+16.8%
Reaction+0.9%
SectorUtilities
Biggest EPS Misses25

Ranked by EPS miss % (worst first). Price reaction = day after report.

#SymbolCompanySectorDateEPS ActualEPS Est.SurprisePrice Reaction
1Talen Energy CorporationUtilitiesFeb 26, 2026-$7.60$2.62-390%-5.2%
2TransAlta CorporationUtilitiesFeb 27, 2026-$0.04$0.05-180%+6.0%
3Brookfield Infrastructure Partners L.P.UtilitiesApr 29, 2026-$0.20$0.28-172%+1.4%
4Select Water Solutions, Inc.UtilitiesFeb 17, 2026-$0.00$0.01-134%+12.4%
5DTE Energy Company 2020 SeriesUtilitiesApr 23, 2026$0.01$2.08-99.7%+0.4%
6DTE Energy Company 2021 SeriesUtilitiesApr 23, 2026$0.01$2.08-99.7%+0.3%
7DTE Energy Company JR SUB DB 2017 EUtilitiesApr 23, 2026$0.01$2.08-99.7%+0.4%
8Vistra Corp.UtilitiesFeb 26, 2026$0.54$2.31-76.5%-0.8%
9Talen Energy CorporationUtilitiesMay 5, 2026$1.38— Maintained$5.01-72.5%+6.6%

Talen started the year strong and today we are reporting first quarter results, earning $473 million of Adjusted EBITDA and $350 million of Adjusted Free Cash Flow. We continue to progress the Cornerstone Acquisition and secured financing in April.

10California Water Service GroupUtilitiesApr 30, 2026$0.07$0.25-72.0%-6.7%
Martin A. Kropelnicki, Chairman & Chief Executive Officer

On April 29, we received a revised PD in our 2024 California GRC, which represents a significant milestone and provides significant visibility into our California authorized revenues over the next several years.

11Central Puerto S.A.UtilitiesMar 5, 2026$0.11$0.33-66.3%-4.1%
12AXIA Energia S.A.UtilitiesMay 6, 2026$0.14$0.29-51.4%-6.4%
13California Water Service GroupUtilitiesFeb 25, 2026$0.19$0.36-47.2%-3.8%
14Hawaiian Electric Industries, Inc.UtilitiesMay 8, 2026$0.18$0.27-33.3%-9.6%
15TXNM Energy, Inc.UtilitiesMay 1, 2026$0.21$0.30-30.6%+0.2%
16TXNM Energy, Inc.UtilitiesFeb 27, 2026$0.48$0.64-25.2%+0.1%
17Portland General Electric CompanyUtilitiesMay 1, 2026$0.58$0.77-24.4%-5.6%
18Evergy, Inc.UtilitiesFeb 19, 2026$0.42$0.55-23.8%-0.2%
19Companhia Paranaense de EnergiaUtilitiesFeb 27, 2026$0.11$0.14-21.5%-1.9%
20Portland General Electric CompanyUtilitiesFeb 17, 2026$0.47$0.59-20.5%-5.6%
21NRG Energy, Inc.UtilitiesMay 6, 2026$1.48— Maintained$1.77-16.4%-10.0%

Our team executed well this quarter. The fleet performed, and our retail and commercial businesses delivered affordable, reliable power to the customers and communities that count on us.

22Companhia Paranaense de EnergiaUtilitiesMay 5, 2026$0.16$0.19-15.8%+0.5%
23Centuri Holdings, Inc.UtilitiesFeb 25, 2026$0.17$0.20-15.0%+1.5%
24Avista CorporationUtilitiesFeb 25, 2026$0.88$1.01-12.9%-6.8%
25Korea Electric Power CorporationUtilitiesMar 10, 2026$0.71$0.78-8.7%-0.3%
TLN logo1TLNTalen Energy CorporationFeb 26, 2026
Mkt Cap$17.6B
EPS Act.-$7.60
EPS Est.$2.62
Surprise-390%
Reaction-5.2%
SectorUtilities
TAC logo2TACTransAlta CorporationFeb 27, 2026
Mkt Cap$4.1B
EPS Act.-$0.04
EPS Est.$0.05
Surprise-180%
Reaction+6.0%
SectorUtilities
BIP logo3BIPBrookfield Infrastructure Partners L.P.Apr 29, 2026
Mkt Cap$16.9B
EPS Act.-$0.20
EPS Est.$0.28
Surprise-172%
Reaction+1.4%
SectorUtilities
WTTR logo4WTTRSelect Water Solutions, Inc.Feb 17, 2026
Mkt Cap$2.2B
EPS Act.-$0.00
EPS Est.$0.01
Surprise-134%
Reaction+12.4%
SectorUtilities
DTB logo5DTBDTE Energy Company 2020 SeriesApr 23, 2026
Mkt Cap$3.5B
EPS Act.$0.01
EPS Est.$2.08
Surprise-99.7%
Reaction+0.4%
SectorUtilities
DTG logo6DTGDTE Energy Company 2021 SeriesApr 23, 2026
Mkt Cap$3.5B
EPS Act.$0.01
EPS Est.$2.08
Surprise-99.7%
Reaction+0.3%
SectorUtilities
DTW logo7DTWDTE Energy Company JR SUB DB 2017 EApr 23, 2026
Mkt Cap$3.7B
EPS Act.$0.01
EPS Est.$2.08
Surprise-99.7%
Reaction+0.4%
SectorUtilities
VST logo8VSTVistra Corp.Feb 26, 2026
Mkt Cap$53.5B
EPS Act.$0.54
EPS Est.$2.31
Surprise-76.5%
Reaction-0.8%
SectorUtilities
TLN logo9TLNTalen Energy CorporationMay 5, 2026
Mkt Cap$17.6B
EPS Act.$1.38
EPS Est.$5.01
Surprise-72.5%
Reaction+6.6%
SectorUtilities

Talen started the year strong and today we are reporting first quarter results, earning $473 million of Adjusted EBITDA and $350 million of Adjusted Free Cash Flow. We continue to progress the Cornerstone Acquisition and secured financing in April.

CWT logo10CWTCalifornia Water Service GroupApr 30, 2026
Mkt Cap$2.9B
EPS Act.$0.07
EPS Est.$0.25
Surprise-72.0%
Reaction-6.7%
SectorUtilities
Martin A. Kropelnicki, Chairman & Chief Executive Officer

On April 29, we received a revised PD in our 2024 California GRC, which represents a significant milestone and provides significant visibility into our California authorized revenues over the next several years.

CEPU logo11CEPUCentral Puerto S.A.Mar 5, 2026
Mkt Cap$2.2B
EPS Act.$0.11
EPS Est.$0.33
Surprise-66.3%
Reaction-4.1%
SectorUtilities
AXIA logo12AXIAAXIA Energia S.A.May 6, 2026
Mkt Cap$23.7B
EPS Act.$0.14
EPS Est.$0.29
Surprise-51.4%
Reaction-6.4%
SectorUtilities
CWT logo13CWTCalifornia Water Service GroupFeb 25, 2026
Mkt Cap$2.9B
EPS Act.$0.19
EPS Est.$0.36
Surprise-47.2%
Reaction-3.8%
SectorUtilities
HE logo14HEHawaiian Electric Industries, Inc.May 8, 2026
Mkt Cap$2.3B
EPS Act.$0.18
EPS Est.$0.27
Surprise-33.3%
Reaction-9.6%
SectorUtilities
TXNM logo15TXNMTXNM Energy, Inc.May 1, 2026
Mkt Cap$6.3B
EPS Act.$0.21
EPS Est.$0.30
Surprise-30.6%
Reaction+0.2%
SectorUtilities
TXNM logo16TXNMTXNM Energy, Inc.Feb 27, 2026
Mkt Cap$6.3B
EPS Act.$0.48
EPS Est.$0.64
Surprise-25.2%
Reaction+0.1%
SectorUtilities
POR logo17PORPortland General Electric CompanyMay 1, 2026
Mkt Cap$6.0B
EPS Act.$0.58
EPS Est.$0.77
Surprise-24.4%
Reaction-5.6%
SectorUtilities
EVRG logo18EVRGEvergy, Inc.Feb 19, 2026
Mkt Cap$19.9B
EPS Act.$0.42
EPS Est.$0.55
Surprise-23.8%
Reaction-0.2%
SectorUtilities
ELPC logo19ELPCCompanhia Paranaense de EnergiaFeb 27, 2026
Mkt Cap$2.2B
EPS Act.$0.11
EPS Est.$0.14
Surprise-21.5%
Reaction-1.9%
SectorUtilities
POR logo20PORPortland General Electric CompanyFeb 17, 2026
Mkt Cap$6.0B
EPS Act.$0.47
EPS Est.$0.59
Surprise-20.5%
Reaction-5.6%
SectorUtilities
NRG logo21NRGNRG Energy, Inc.May 6, 2026
Mkt Cap$30.8B
EPS Act.$1.48
EPS Est.$1.77
Surprise-16.4%
Reaction-10.0%
SectorUtilities

Our team executed well this quarter. The fleet performed, and our retail and commercial businesses delivered affordable, reliable power to the customers and communities that count on us.

ELPC logo22ELPCCompanhia Paranaense de EnergiaMay 5, 2026
Mkt Cap$2.2B
EPS Act.$0.16
EPS Est.$0.19
Surprise-15.8%
Reaction+0.5%
SectorUtilities
CTRI logo23CTRICenturi Holdings, Inc.Feb 25, 2026
Mkt Cap$3.1B
EPS Act.$0.17
EPS Est.$0.20
Surprise-15.0%
Reaction+1.5%
SectorUtilities
AVA logo24AVAAvista CorporationFeb 25, 2026
Mkt Cap$3.4B
EPS Act.$0.88
EPS Est.$1.01
Surprise-12.9%
Reaction-6.8%
SectorUtilities
KEP logo25KEPKorea Electric Power CorporationMar 10, 2026
Mkt Cap$15.5B
EPS Act.$0.71
EPS Est.$0.78
Surprise-8.7%
Reaction-0.3%
SectorUtilities