| CMS |
Report |
Q2 2026 Adjusted EPS |
BEAT |
pred ~$0.69 vs. cons ~$0.66 |
MEDIUM |
| CMS |
Report |
Q2 2026 Operating Revenue |
BEAT |
pred ~$2.02B vs. cons ~$1.95B |
MEDIUM |
| CMS |
Report |
NorthStar Clean Energy Segment Adjusted EPS Contribution |
BEAT |
pred ~$0.05 vs. cons ~$0.03 |
LOW |
| CMS |
Guide |
FY2026 Adjusted EPS Guidance |
UNCHANGED |
guide ~$3.87 (range $3.83-$3.90 midpoint) vs. cons ~$3.85 (FY2026) |
HIGH |
| CMS |
Guide |
FY2026 Planned Equity Issuance Pace |
UNCHANGED |
guide ~$700M vs. cons ~$700M (FY2026) |
MEDIUM |
| CMS |
Guide |
Gas Rate Case (MGRC) Outcome |
UNCHANGED |
guide ~75-95% of $240M ask (~$180-228M) vs. cons ~75% (~$180M) (final order Sep/Oct 2026) |
MEDIUM |
| CMS |
Guide |
H2 2026 Weather-Normalization Headwind vs. 2025 Comp |
LOWER |
guide ~-$0.23/share for remaining 9 months vs. cons ~$0.00 embedded (FY2026, Q2-Q4) |
MEDIUM |
| CMS |
Return |
Day-1 residual (stock − beta × S&P 500) |
+0.4% |
— |
MEDIUM |
| CMS |
Return |
5-day cumulative residual |
+0.1% (FADE) |
Q2 likely posts a modest EPS/revenue beat similar in character to Q1 (favorable weather comp/NorthStar strength), but guidance is only reaffirmed (not raised) and management has already flagged a ~$0.23/share negative weather-normalization headwind baked into the remaining 9 months of 2026. As sell-side notes digest that the beat is largely a 'pull-forward' rather than a structural raise, and no new data-center contracts or Moody's resolution land on this specific call, initial relief-rally gains are likely to fade over the week as out-period math (tougher H2 comps, unchanged full-year bridge) keeps 2026-2027 estimate revisions flat to slightly down rather than following through. |
MEDIUM |