How did Energy Co's revenue and expenses shift in Q3 2024?
5/8/2025 02:10am
Energy companies' financial performance in Q3 2024 is showing mixed shifts in revenue and expenses, with some key players experiencing changes that highlight operational adjustments or market dynamics:
1. **Alliant Energy Co. (NASDAQ:LNT)**: Analysts at Zacks Research have increased their Q3 2024 earnings per share estimates for Alliant Energy, forecasting $1.03 per share, up from their prior forecast of $1.00. This suggests a potential improvement in profitability for the quarter. However, the company's revenue and expenses data for Q3 2024 is not currently available.
2. **TC Energy Co. (TSE:TRP/NYSE:TRP)**: Zacks Research has boosted its Q3 2024 earnings per share estimates for TC Energy, now forecasting $0.89 per share, up from the previous estimate of $0.88. This indicates a positive outlook for the company's earnings in the quarter. TC Energy's revenue for the quarter was reported as C$4.09 billion, surpassing analyst estimates of C$3.78 billion.
3. **Duke Energy Co. (NYSE:DUK)**: In contrast, Zacks Research has cut its Q3 2024 EPS estimates for Duke Energy, anticipating $1.77 per share, down from the previous estimate of $1.93. This suggests a potential decline in earnings for the quarter. Duke Energy's revenue for the quarter was $7.17 billion, slightly exceeding analyst expectations of $6.84 billion.
In summary, Alliant Energy and TC Energy are showing positive signs in Q3 2024 with increased earnings estimates, while Duke Energy is facing a slight downturn with decreased earnings estimates. The specific revenue and expense details for Q3 2024 are not available for Alliant Energy, but the other companies' performance indicators suggest a complex landscape of shifts in revenue and expenses within the energy sector.