What changed
Q2 ongoing EPS of $0.93 beat the prior-year $0.75 by $0.18 (+24%), though no consensus estimate was provided. Revenue quality was supported by higher electric infrastructure investment recovery, partially offset by rising financing costs. The key driver was strong operational execution on capital investments, with no one-time items distorting the beat. Management reaffirmed FY26 ongoing EPS guidance of $4.04-$4.16, signaling confidence in steady utility growth.
Why it matters
Q2 ongoing EPS of $0.93 beat the prior-year $0.75 by $0.18 (+24%), though no consensus estimate was provided. Revenue quality was supported by higher electric infrastructure investment recovery, partially offset by rising financing costs. The key driver was strong operational execution on capital investments, with no one-time items distorting the beat. Management reaffirmed FY26 ongoing EPS guidance of $4.04-$4.16, signaling confidence in steady utility growth.
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Jul 30, 2026 11:00 AM ET