What changed
(1) Adjusted EPS of $1.13 beat the year-ago $0.92 by $0.21, or +22.8%, driven by core operations. (2) Revenue was essentially flat (+0.1% YoY) at $6.98B, but year-to-date revenue grew 4.2%, signaling steady demand. (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 like accelerated depreciation and debt extinguishment losses were excluded from adjusted results.
Why it matters
(1) Adjusted EPS of $1.13 beat the year-ago $0.92 by $0.21, or +22.8%, driven by core operations. (2) Revenue was essentially flat (+0.1% YoY) at $6.98B, but year-to-date revenue grew 4.2%, signaling steady demand. (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 like accelerated depreciation and debt extinguishment losses were excluded from adjusted results.
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Jul 30, 2026 08:05 PM ET