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StocksMediumUpdated×5•Originally published 28 April 2026•Updated 30 April 2026•

1 min read

Mixed Q1 2026 Results for Major US Firms as Tech and Utilities Maintain Growth

Key Facts

1FirstEnergy reported Q1 2026 Core Earnings of $0.72 per share and reaffirmed its long-term annual growth guidance.

2Rush Street Interactive achieved record quarterly revenue of $370.4 million, a 41% year-over-year increase.

The Q1 2026 earnings season continues to show divergence across sectors, with American Water reporting adjusted EPS of $1.01, while NorthWestern Energy (NWE) announced net income of $63.5 million, or $1.03 per share. NWE's earnings fell from $76.9 million in Q1 2025, primarily due to merger-related costs and higher administrative expenses. Conversely, FMC Corporation faced headwinds in the chemicals sector with a 4% revenue decline to $759 million. These updates complement robust reports from Cognizant, which saw revenue of $5.4 billion, and Parsons, which achieved a record $9.3 billion backlog. While technology and utilities show operational resilience, companies like Prosperity Bancshares and NWE continue to navigate the financial impact of merger expenses and seasonal pressures.

about 1 month ago

Version History

Version 5about 1 month ago

What changed: Added Q1 2026 financial results for NorthWestern Energy, highlighting a year-over-year decline in profitability and the impact of merger costs.

Version 4about 1 month ago

What changed: Added Q1 2026 financial results for American Water and FMC Corporation, highlighting strong utility sector performance versus declines in the chemical sector.

Version 3about 1 month ago

What changed: Updated the story to include a new wave of Q1 earnings reports from Cognizant, Entergy, Parsons, CGI, and others, necessitating a headline change to reflect the broader multi-sector impact.

Version 2about 1 month ago

What changed: Updated the report to attribute FirstEnergy's 12.5% profit growth to higher electricity rates and increased demand from data centers.

Version 1about 1 month ago

What changed: Added GAAP earnings figures, detailed 2026 full-year guidance ranges, year-over-year growth percentages, and details of the $36 billion long-term capital investment plan.