Quarterly guidance

Quarterly guidance
No quarterly guidance was given.

Annual guidance

2026 Adjusted EPS
$3.92 to $4.02, targeting the high end.
Long-term EPS growth
8% plus CAGR through 2032; 9% plus CAGR in a combination with Dominion.
Dividend growth
Roughly 10% per year through 2026 off a 2024 base; 6% per year from year-end 2026 through 2028.

Outlook

Large load expectations
Raised from 6 gigawatts to 8 gigawatts by 2032.
Dominion merger
Expect to close in the second half of 2027.
Transmission growth
Targeting 20% to 25% CAGR in rate base growth from 2025 through 2032.
Equity needs
Consistent range of $12 billion to $17 billion of total equity needs through 2032.
Nuclear
Duane Arnold nuclear plant on track to reenter service no later than Q1 2029.
Capital recycling
Expect to look at $7 billion to $12 billion of capital recycling, though the base plan does not rely on it to meet equity needs.