{
  "report_rows": [
    {
      "kpi": "2Q26 non-GAAP core EPS",
      "prediction": "BEAT",
      "answer": "pred ~$0.37 vs. cons $0.36.",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "2Q26 operating revenue",
      "prediction": "BEAT",
      "answer": "pred ~$6.35B vs. cons $6.26B.",
      "confidence": "LOW"
    },
    {
      "kpi": "Large-load pipeline in final engineering",
      "prediction": "BEAT",
      "answer": "pred ~4.9 GW vs. cons 4.7 GW.",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 non-GAAP core EPS guidance midpoint",
      "prediction": "UNCHANGED",
      "answer": "guide ~$1.65 vs. cons $1.65 (FY2026).",
      "confidence": "HIGH"
    },
    {
      "kpi": "2027-30 annual core-EPS growth outlook",
      "prediction": "UNCHANGED",
      "answer": "guide ~9%+ vs. cons 9% (2027-2030).",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Five-year capital plan",
      "prediction": "UNCHANGED",
      "answer": "guide ~$73B vs. cons $73B (2026-2030).",
      "confidence": "HIGH"
    },
    {
      "kpi": "New common-equity issuance requirement",
      "prediction": "UNCHANGED",
      "answer": "guide ~$0B vs. cons $0B (through 2030).",
      "confidence": "HIGH"
    },
    {
      "kpi": "Wildfire-liability reform timing commentary",
      "prediction": "UNKNOWN",
      "answer": "guide ~1 legislative package vs. cons 1 package (by August 31, 2026).",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 1.4,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.5,
  "day5_path": "FADE",
  "day5_rationale": "A modest core-EPS/revenue beat and intact $1.65 FY26 midpoint should support an initial positive move, but unchanged 2027-30 growth, capital-plan, and no-equity guidance leave out-period estimates largely intact. Without a quantitatively credible wildfire-liability solution, the initial relief rally is likely to fade as investors refocus on unresolved tail-risk and financing-discount math.",
  "day5_confidence": "MEDIUM"
}