What changed
(1) Adjusted EPS of $1.13 beat the year-ago $0.92 by $0.21, or +22.8%, driven by operational strength. (2) Revenue was essentially flat at $6.98B (+0.1% YoY), with no explicit guidance update; six-month revenue rose 4.2%. (3) Key drivers were investment in state-regulated utilities, customer growth, and higher equity method earnings, partially offset by higher interest expense; one-time items included accelerated depreciation from repowering and a prior-year debt extinguishment loss.
Why it matters
(1) Adjusted EPS of $1.13 beat the year-ago $0.92 by $0.21, or +22.8%, driven by operational strength. (2) Revenue was essentially flat at $6.98B (+0.1% YoY), with no explicit guidance update; six-month revenue rose 4.2%. (3) Key drivers were investment in state-regulated utilities, customer growth, and higher equity method earnings, partially offset by higher interest expense; one-time items included accelerated depreciation from repowering and a prior-year debt extinguishment loss.