Earnings season is ramping up this week for power producers and Department of Energy contractors.
Utility Entergy has scheduled its fourth-quarter and full-year 2016 earnings report before the market open on Wednesday. The quarterly conference call is scheduled for 11 a.m. Eastern time. The company, which is advancing through the regulatory process on its $110 million sale of its James A. Fitzpatrick Nuclear Power Plant to Exelon, earned $388.2 million in profit for the third quarter of last year.
Swedish nuclear technology company Studsvik will also release its year-end 2016 numbers on Wednesday, with a conference call scheduled for 2:30 p.m. CET (8:30 a.m. U.S. Eastern time). The company incurred a roughly $1.3 million loss in the third quarter of 2016, well under its $2.9 million operating profit for the same period of 2015.
Shipbuilder Huntington Ingalls, the parent company to one of parent companies of the DOE Savannah River Site’s management and operations contractor, is scheduled to release its latest numbers on Thursday. A conference call is scheduled for 9 a.m. Eastern time. The company’s third-quarter 2016 operating income of $175 million was 12.5 percent lower than the $200 million it earned during the corresponding quarter of 2015; quarterly diluted earnings per share fell from $2.29 to $2.27.
Finally, major DOE cleanup contractor Fluor is scheduled to release its fourth-quarter and full-year 2016 earnings on Friday, with the conference call set for 9 a.m. Eastern time. Fluor’s Government branch, which manages contracts for DOE’s Office of Environmental Management, recorded a $26 million operating profit in the third quarter, down over 10 percent year over year due to “reduced project execution activities” on an Army logistics contract. Fluor’s contracts for DOE include a partnership with BWX Technologies for remediation of the Portsmouth site in Ohio and the Idaho Cleanup Project Core Contract.
