Key Highlights

  • Williams' third-quarter 2026 Revenue stood at $3,223 million, and its Net Income was $700 million.
  • Entergy's diluted EPS was $1.98, and the floor of its 2026 adjusted EPS range moved up by $0.10.
  • Public Service Enterprise Group logged $376 million of net income, equal to $0.76 per share, and $1.15 of non-GAAP operating EPS.
  • The 2026 adjusted EPS outlook of ONE Gas now runs $4.95 to $5.01, in place of $4.89 to $4.95.
  • Unitil's Top Line of $112.6 million came with a $1.5 million deficit.

Which Pipeline and Utility Operators Released Q3 2026 Figures?

Five operators, ranging from a large Natural Gas infrastructure Business to a compact multi-utility holding firm, put out figures for the quarter that closed on Sep 30, 2026. All were disclosed on Nov 2, 2026 or in filings made that same day, so revenue scales differ greatly.

Williams (NYSE:WMB) generated net income of $700 million, or $0.56 on a diluted basis, against revenue of $3,223 million, a 10.3% rise (calculated). Entergy (NYSE:ETR) netted $940.3 million, equal to $1.98 a share, with revenue of $4,365.2 million, which grew 14.5% (calculated).

Public Service Enterprise Group (NYSE:PEG) finished with $376 million of net income ($0.76 per share) and $3.020 billion of revenue, a 6.4% decline (calculated). ONE Gas (NYSE:OGS) recorded $31.2 million of net income on $391.3 million of revenue. Unitil (NYSE:UTL) generated $112.6 million of revenue but a $1.5 million net deficit.

Dollar figures are in U.S. currency and originate from company filings and press releases. Section order follows the listing sequence and implies no performance ranking.

Williams: Momentum Acquisition and a Noncontrolling Stake Sale Frame the Quarter

Attributable net income reached $700 million, against $647 million twelve months prior, and diluted EPS was $0.56, compared with $0.53. Service revenue grew to $2,319 million, aided by the Momentum business, expansion work and newly booked power sales.

The Momentum deal finalized Sep 3, 2026 involved roughly $5.1 billion of cash, about 27 million shares, and $869 million of Debt that stayed on the balance sheet. Over the first four weeks the unit added $113 million to revenue and $40 million to Modified EBITDA.

The company disposed of a 49% noncontrolling stake in five power projects in July 2026, with $5.34 billion of committed Capital attached. Reportable-segment Modified EBITDA climbed roughly 8.4% (calculated), landing at $2,032 million. The files lack an Earnings outlook but do include a 2026 growth spending range, spanning $7.3 billion to $7.9 billion.

Entergy: Demand Growth Behind a 35.5% Income Gain Despite Costlier Borrowing

Net income for Entergy came to $940.3 million, a 35.5% jump (calculated) from $693.8 million, and diluted EPS moved to $1.98 from $1.53. Management also pointed to adjusted EPS of $1.98.

Leadership attributed weather-normalized sales growth to new customers, a hot summer, and expansion at Data Center and primary metals sites. Borrowing costs, measured as net interest expense, increased 34.1% (calculated) and now total $435.6 million against $324.9 million.

The floor of 2026 adjusted EPS guidance moved up by $0.10, although the complete range does not appear in the files. The 2026 through 2030 capital program expanded by roughly $1.5 billion, and the company stated its planned 2026 financing is finished.

Public Service Enterprise Group: Commodity Marking Drags Income as Operating EPS Ticks Up

Profit contracted 39.5% (calculated) to a $376 million total, which equals $0.76 a share; the previous total was $622 million, or $1.24 a share. On a non-GAAP operating basis, the per-share figure crept up to $1.15 from $1.13.

The drop is mainly explained by non-trading commodity mark-to-market activity, which removed $180 million after taxes, compared with a $15 million benefit in the earlier period. Leadership kept 2026 non-GAAP operating EPS guidance at $4.28 to $4.40 a share, and a $0.67 quarterly Dividend was paid.

A flagged risk is the Salem 1 refueling outage planned for October 2026, during which inspectors found degradation in a thermal shield. Testing is continuing, and the consequences depend on scheduling and repair results.

ONE Gas: New Rates Push Adjusted Income Higher and Guidance Up

Net income at ONE Gas was $31.2 million ($0.49 diluted), while adjusted net income landed at $33.5 million, or $0.53 a share, a 17.1% improvement (calculated). The top line hit $391.3 million, up 3.2% (calculated).

Operating income rose to $77.4 million, and new rates provided $13.5 million of that uplift. Across nine months, weather ran 23% milder than normal, shaving $11.3 million from revenue.

The 2026 adjusted EPS target was lifted to $4.95 to $5.01, up from $4.89 to $4.95. A $0.68 dividend was declared for payment on Dec 3, 2026. The Oklahoma rate decision issued Oct 14, 2026 is now before the state Supreme Court on appeal.

Unitil: Water Acquisition and Seasonal Gas Patterns Around a Quarterly Loss

Unitil's top line reached $112.6 million, roughly 11.4% above the $101.1 million of the comparison period (calculated), yet the company finished with a $1.5 million net deficit, or $0.08 a share. Interest expense on borrowings grew to $11.0 million, against $8.9 million earlier, and operation and maintenance spending added $4.9 million.

Water operations added $3.1 million in revenue once Unitil finished buying two New Hampshire water systems for $42.6 million, a deal closed Jun 30, 2026. Nine-month net income, meanwhile, grew $5.2 million, landing at $36.4 million, which works out to $2.02 a share.

The filing observes that gas earnings follow the seasons, with the first and fourth quarters typically strongest. The quarterly dividend remains at $0.475 per share.

Five Utilities and Pipelines Measured: Average Revenue Growth Near 6.6% With Uneven Bases

Mean revenue growth came to 6.6% (calculated) for the group. Entergy's 14.5% gain sits at the top, Public Service Enterprise Group's 6.4% decline at the bottom, a 20.9-point gap (calculated). Taken together, the five firms produced about $11,112 million of revenue (calculated) and roughly $2,046 million of net income (calculated).

Comparability is limited. Entergy's revenue equaled roughly 38.8 times (calculated) Unitil's, and four of five firms earned profits, whereas Unitil reported a loss.

Outlook changes came from three companies: Entergy moved its floor higher, ONE Gas raised the whole band, and Public Service Enterprise Group left its band alone. The files contain no earnings guidance from Williams or Unitil. Public Service Enterprise Group also mixes a GAAP income number with a non-GAAP operating metric in its reporting.

What to Watch Next: Regulator Calendars, Payout Dates and Fresh Outlooks

Williams lists no dated event, though Socrates North, a 556 megawatt development, should come online later in the fourth quarter. Entergy looks to a Louisiana verdict at its December commission session and an Arkansas rate case ruling before the year closes.

Public Service Enterprise Group expects to submit a filing to New Jersey regulators by the end of 2026, and it plans to unveil 2027 guidance during its year-end call in February 2027.

ONE Gas' $0.68 payout arrives Dec 3, 2026, for investors on the books as of Nov 16, 2026. Unitil's $0.475 payment is scheduled for Nov 30, 2026, with the Record Date set at Nov 13, 2026; separately, a request for roughly $9.8 million in New Hampshire gas rates has no identified decision date yet.