— Q2 FY26

Q2 GAAP EPS of $0.65 missed prior-year $0.68 (-4.4%), with no consensus provided. Revenue quality improved on higher rate base at IPL/WPL (+$0.18/sh combined) and equity earnings from venture investments, offset by higher O&M, financing, and depreciation costs. Management reaffirmed FY26 ongoing EPS guidance of $3.36-$3.46, trending upper half, supported by 60% expected load growth by 2031 from data center construction. Key headwind: temperature impacts cut retail electric sales by $0.03/sh, while planned maintenance and new energy resource costs pressured margins.

Q2 GAAP EPS of $0.65 missed prior-year $0.68 (-4.4%), with no consensus provided. Revenue quality improved on higher rate base at IPL/WPL (+$0.18/sh combined) and equity earnings from venture investments, offset by higher O&M, financing, and depreciation costs. Management reaffirmed FY26 ongoing EPS guidance of $3.36-$3.46, trending upper half, supported by 60% expected load growth by 2031 from data center construction. Key headwind: temperature impacts cut retail electric sales by $0.03/sh, while planned maintenance and new energy resource costs pressured margins.