In this article, we will list the 5 Best Utility Stocks that Beat Earnings Estimates. Please visit 10 Best Utility Stocks that Beat Earnings Estimates if you would like to see the extended list and the methodology behind it.
5. IDACORP, Inc. (NYSE:IDA)
On May 5, 2026, Barclays raised the firm’s price target on IDACORP, Inc. (NYSE:IDA) to $167 from $159 while maintaining an Overweight rating on the shares. The firm said Idacorp offers some of the strongest and most accelerating growth prospects within the utility group.
Mizuho also raised its price target on IDACORP, Inc. (NYSE:IDA) to $157 from $148 previously and maintained an Outperform rating on the shares.
On April 30, 2026, IDACORP, Inc. (NYSE:IDA) reported Q1 EPS of $1.21, ahead of the $1.10 consensus estimate. CEO Lisa Grow said first-quarter performance benefited from customer growth and rate adjustments, though those gains were partially offset by higher operating and maintenance expenses as well as fewer tax credits recognized under the company’s Idaho regulatory mechanism. Grow added that 2026 is expected to be a significant execution year for the company, highlighted by the planned addition of 250 MW of battery storage capacity and continued advancement of major transmission and generation projects. She also said the company remains focused on maintaining reliability and affordability for customers while supporting shareholder value creation.
IDACORP, Inc. (NYSE:IDA) maintained its 2026 EPS outlook of $6.25-$6.45, compared to consensus estimates of $6.38. The company also maintained its 2026 capital expenditure forecast of $1.3B-$1.5B.
IDACORP, Inc. (NYSE:IDA), through its subsidiaries, engages in the generation, transmission, distribution, purchase, and sale of electric energy in the United States.
4. New Jersey Resources Corporation (NYSE:NJR)
On May 4, 2026, New Jersey Resources Corporation (NYSE:NJR) reported fiscal Q2 adjusted EPS of $2.20, ahead of the $1.90 consensus estimate, while revenue totaled $939.4M compared to analyst estimates of $849.95M. President and CEO Steve Westhoven said the company delivered a strong operating performance throughout the winter season, with New Jersey Natural Gas’ hedging strategy helping mitigate costs for customers. Westhoven also said continued outperformance from the Energy Services segment allowed the company to raise its FY26 earnings outlook for the second time this year.
New Jersey Resources Corporation (NYSE:NJR) raised its FY26 EPS guidance to $3.48-$3.63 from its prior outlook of $3.28-$3.43, compared to consensus estimates of $3.37.
Before the earnings release, Mizuho analyst Gabriel Moreen raised the firm’s price target on New Jersey Resources Corporation (NYSE:NJR) to $61 from $54 previously while maintaining an Outperform rating on the shares. The firm raised its 2026 earnings estimates toward the high end of the company’s guidance range and said Energy Services likely benefited from elevated natural gas price volatility during the quarter.
New Jersey Resources Corporation (NYSE:NJR) operates as an energy services holding company focused primarily on natural gas distribution.
3. Evergy, Inc. (NASDAQ:EVRG)
On May 7, 2026, Evergy, Inc. (NASDAQ:EVRG) reported Q1 adjusted EPS of 69c, ahead of the 61c consensus estimate. Chairman and CEO David Campbell said the company continued advancing its large customer strategy during the quarter and announced the signing of an electric service agreement for a major customer project within its Kansas Central service territory. Beginning in 2027, the customer is expected to take service under Evergy’s large load power service tariff, which management said is designed to ensure new large customers contribute their fair share toward existing and future system costs while supporting affordability for existing customers and broader economic growth.
Evergy, Inc. (NASDAQ:EVRG) maintained its FY26 adjusted EPS outlook of $4.14-$4.34, compared to consensus estimates of $4.24. Campbell added that first-quarter financial performance remained solid despite mild weather conditions and said the company continues to expect long-term adjusted EPS growth of 6% to 8% or more through 2030 based on the midpoint of 2026 guidance. He also said annual EPS growth is expected to exceed 8% beginning in 2028 through 2030.
Last month, BTIG initiated coverage of Evergy, Inc. (NASDAQ:EVRG) with a Buy rating and a $99 price target. The firm said the company has taken steps toward a stronger long-term growth profile after several years of more muted expansion. BTIG added that Evergy’s 6%-8% earnings growth outlook appears reasonable and could prove conservative if additional large-load opportunities materialize.
Evergy, Inc. (NASDAQ:EVRG), through its subsidiaries, generates, transmits, distributes, and sells electricity across the United States.
2. Fluence Energy, Inc. (NASDAQ:FLNC)
On May 8, 2026, Goldman Sachs raised the firm’s price target on Fluence Energy, Inc. (NASDAQ:FLNC) to $22 from $20 while maintaining a Buy rating on the shares. The firm said Q2 results were mixed, though management reaffirmed its FY26 guidance and continued to highlight strong demand trends, particularly tied to data center opportunities. Goldman added that Fluence signed two master supply agreements with hyperscalers during the quarter, supporting a majority of its 12 GW data center pipeline.
On May 6, 2026, Fluence Energy, Inc. (NASDAQ:FLNC) reported Q2 revenue of $464.89M. President and CEO Julian Nebreda said the company has started to see benefits from pipeline growth, with order activity accelerating in recent months and backlog reaching another record level. Nebreda also said Fluence achieved substantial completion on its first Smartstack delivery and confirmed continued access to its domestic content offering in the U.S. Nebreda added that the company’s customer expansion strategy is gaining traction, noting that Fluence signed master supply agreements with two hyperscale customers and expects to convert its first related order in the near term.
Fluence Energy, Inc. (NASDAQ:FLNC) maintained its FY26 adjusted EBITDA outlook of $40M-$60M. Chief Financial Officer Ahmed Pasha said improved adjusted EBITDA performance relative to the first half of fiscal 2025 reflects progress on profitable growth initiatives and supports the company’s reaffirmed guidance. Pasha also said Fluence’s liquidity position provides flexibility to support ongoing growth plans.
Fluence Energy, Inc. (NASDAQ:FLNC), through its subsidiaries, provides energy storage systems and optimization software for renewable energy and storage applications globally.
1. WEC Energy Group, Inc. (NYSE:WEC)
On May 6, 2026, Mizuho raised the firm’s price target on WEC Energy Group, Inc. (NYSE:WEC) to $124 from $121 while maintaining an Outperform rating on the shares.
On May 5, 2026, WEC Energy Group, Inc. (NYSE:WEC) reported Q1 EPS of $2.45, ahead of the $2.30 consensus estimate, while revenue totaled $3.43B compared to expectations of $3.42B. President and CEO Scott Lauber said the company’s continued execution of its capital investment plan and focus on operating efficiencies contributed to solid first-quarter performance. He added that WEC Energy remains focused on delivering reliable and safe energy service while investing to support economic growth across its service territories.
WEC Energy Group, Inc. (NYSE:WEC) maintained its FY26 EPS outlook of $5.51-$5.61, compared to consensus estimates of $5.60.
Before the earnings release, Wells Fargo raised its price target on WEC Energy Group, Inc. (NYSE:WEC) to $127 from $117 while maintaining an Overweight rating. The firm said it revised its Q1 estimates following discussions with management teams across its regulated utility coverage universe.
WEC Energy Group, Inc. (NYSE:WEC), through its subsidiaries, provides regulated natural gas and electricity services as well as renewable and nonregulated renewable energy solutions in the United States.
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