Earnings GuidanceManagement narrowed its FY24 EPS guidance to $2.99-$3.06 from $2.99-$3.13 prior, with the new FY24 EPS midpoint of $3.03.
Financial PerformanceElevated CapEx strains credit metrics, already near downgrade threshold.
ValuationLimited upside potential remains, shares seem fairly valued at 8% premium vs. peers, particularly given evolving regulatory overhang.