{
  "report_rows": [
    {
      "kpi": "Adjusted/operating EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.70 vs. cons $1.662",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "EBITDA",
      "prediction": "BEAT",
      "answer": "pred ~$1.17B vs. cons $1.140B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Texas gross profit",
      "prediction": "MISS",
      "answer": "pred ~$1.01B vs. cons $1.046B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Adjusted EBITDA (FY26)",
      "prediction": "BETTER",
      "answer": "guide ~$5.575B midpoint vs. cons $5.303B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted EPS (FY26)",
      "prediction": "LOWER",
      "answer": "guide ~$8.90 midpoint vs. cons $9.014",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FCF before growth investments (FY26)",
      "prediction": "UNCHANGED",
      "answer": "guide ~$3.05B midpoint vs. cons UNVERIFIED",
      "confidence": "LOW"
    },
    {
      "kpi": "Large-load/data-center commentary (FY26)",
      "prediction": "UNCHANGED",
      "answer": "active process; no incremental signed 1+ GW deal assumed vs. cons UNVERIFIED",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 4.0,
  "day1_confidence": "LOW",
  "day5_residual_pct": 2.0,
  "day5_path": "FADE",
  "day5_rationale": "FADE \u2014 lower-quality forward EPS read limits follow-through",
  "day5_confidence": "LOW"
}