Earnings Growth ExpectationsThe company's 5-7% EPS CAGR was rebased off the lower 2025 midpoint, which implied 2026-2028 midpoint EPS below previous estimates and the Street’s expectations.
Guidance And ProjectionsThe $6.30 midpoint of the 2025 guidance range was below BMO/Street's $6.32/$6.33, implying growth reflects higher O&M due to a storm-related catchup as well as higher interest expense and dilution.
Stock PerformanceThe stock underperformed compared to the UTY by 350 basis points over two days following the 2025 guidance.