{
  "report_rows": [
    {
      "kpi": "Non-GAAP EPS (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$0.90 vs. cons $0.88",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total Revenue (Q2 2026)",
      "prediction": "IN-LINE",
      "answer": "pred ~$3.05B vs. cons $3.07B",
      "confidence": "LOW"
    },
    {
      "kpi": "GAAP EPS (incl. Aquarion $0.31 divestiture charge)",
      "prediction": "MISS",
      "answer": "pred ~$0.59 vs. cons $0.85",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 Non-GAAP EPS guidance range",
      "prediction": "UNCHANGED",
      "answer": "guide ~$4.57-$4.72 (midpoint $4.65) vs. cons $4.66 (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "CT/NH storm-cost securitization proceeds estimate",
      "prediction": "LOWER",
      "answer": "guide ~$1.5B revised vs. prior ~$2.0B guided estimate (next 12-18 months)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Long-term EPS CAGR off 2026 base",
      "prediction": "UNCHANGED",
      "answer": "guide ~5-7% (upper half by 2028) vs. cons ~6% (2026-2030)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -0.8,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -1.7,
  "day5_path": "FADE",
  "day5_rationale": "Stock is near 52-week highs pricing in resolution of overhangs; a slight non-GAAP beat and reaffirmed guidance is unlikely to spark upside since the CT PURA storm-cost decision (already public a day before earnings) trimmed ~$500M of recoverable carrying charges/securitization proceeds versus prior company guidance, and FERC ROE settlement remains unresolved. As analysts update models for the lower CT securitization base, extended CL&P rate-case risk, and the structural EPS step-down from the Aquarion divestiture, modest downward estimate revisions for 2027 EPS bases are likely over the following days, pulling the stock back from its highs even absent a headline miss - a 'sell the news' fade rather than a durable move.",
  "day5_confidence": "MEDIUM"
}