{
  "report_rows": [
    {
      "kpi": "Q2'26 ongoing (operating) EPS",
      "prediction": "BEAT",
      "answer": "pred ~$0.39 vs. cons ~$0.38",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q2'26 revenue",
      "prediction": "IN-LINE",
      "answer": "pred ~$2.05B vs. cons ~$2.02B",
      "confidence": "LOW"
    },
    {
      "kpi": "Advanced-stage data-center pipeline (GW)",
      "prediction": "BEAT",
      "answer": "pred ~30 GW vs. prior/cons ~28.3 GW",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 ongoing EPS guidance",
      "prediction": "UNCHANGED",
      "answer": "guide reaffirm ~$1.94 (mid of $1.90-$1.98) vs. cons ~$1.94 (FY2026); tracking to at least midpoint",
      "confidence": "HIGH"
    },
    {
      "kpi": "Long-term EPS growth CAGR (through 2029)",
      "prediction": "UNCHANGED",
      "answer": "guide ~top-end of 6-8% vs. cons ~7% (2025-2029)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Blackstone generation JV \u2014 first signed hyperscaler ESSA",
      "prediction": "UNKNOWN",
      "answer": "pred ~0 signed at print vs. Street hoping for ~1 in 2026 (2H26 catalyst)",
      "confidence": "LOW"
    },
    {
      "kpi": "Kentucky probability-weighted new load / new CPCN filing",
      "prediction": "BETTER",
      "answer": "guide ~3.5 GW vs. prior ~1.8 GW (2026 CPCN, KY pipeline to 2032)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -1.0,
  "day1_confidence": "LOW",
  "day5_residual_pct": -0.5,
  "day5_path": "STABILIZE",
  "day5_rationale": "Guidance reaffirmed at midpoint means no material out-period estimate revisions, so no follow-through math either way. This is a low-beta regulated utility whose bull case is forward optionality (Blackstone ESSA, KY CPCN) not Q2 EPS; a quiet reaffirm quarter without a signed JV contract produces a modest day-1 give-back on low expectations, then mean-reverts/stabilizes over the week as sector (XLU) drift and rate backdrop dominate. Upside risk if a concrete JV/CPCN timeline lands on the call.",
  "day5_confidence": "LOW"
}