Shares declined 2.1% following earnings as investors likely digested cautious elements in the outlook and margin pressures despite stable customer growth and regulatory progress.
- Reported year-to-date net income was $985 million, with EPS of $5.92, up 12.5% year-over-year.
- Updated full-year EPS guidance range to $8.40–$8.50, signaling a moderate outlook without sharp upward revision.
- Capital expenditures totaled $2 billion in H1, heavily focused (89%) on safety and reliability projects.
- Customer additions remained steady with 51,000 new customers year-over-year, including 39,000 in Texas.
- Operating expenses rose, including $171 million in freight increases and higher O&M spending, partly offset by regulatory deferrals affecting expense presentation.
Community Discussion