{
  "report_rows": [
    {
      "kpi": "Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$0.75 vs. cons $0.72",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Operating revenue",
      "prediction": "BEAT",
      "answer": "pred ~$1.91B vs. cons $1.88B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Operating income",
      "prediction": "BEAT",
      "answer": "pred ~$331M vs. cons $326M",
      "confidence": "LOW"
    }
  ],
  "guide_rows": [
    {
      "kpi": "2026 adjusted EPS guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$3.83-$3.90 vs. cons $3.87 (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "2026 planned parent equity issuance",
      "prediction": "UNCHANGED",
      "answer": "guide ~$700M vs. cons $700M (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Utility sales-growth outlook",
      "prediction": "UNCHANGED",
      "answer": "guide ~2%-3% vs. cons 2.5% (2026-2030)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.3,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.4,
  "day5_path": "FADE",
  "day5_rationale": "A ~$0.75 EPS print versus $0.72 consensus should initially support the shares, but unchanged FY2026 EPS guidance of ~$3.83-$3.90 versus $3.87 consensus implies limited out-period estimate upside. The initial gain should fade as investors refocus on ~$700M of FY2026 equity needs, credit remediation, and the lack of a quantified 2027 EPS uplift from large-load opportunities.",
  "day5_confidence": "MEDIUM"
}