Revenue rose 18% year-over-year to $4.48 billion, but net income fell 55% due to $820 million in renewable natural gas impairments and higher interest expense. The company advanced major offshore wind projects and secured regulatory rate increases, while the pending NextEra merger and regulatory ri…
Revenue rose 18% year-over-year to $4.48 billion, but net income fell 55% due to $820 million in renewable natural gas impairments and higher interest expense. The company advanced major offshore wind projects and secured regulatory rate increases, while the pending NextEra merger and regulatory risks remain key uncertainties.
Original document:
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
