Quarterly guidance

Quarterly guidance
No quarterly guidance was given.

Annual guidance

2026 ongoing earnings per share
$4.10 to $4.16 per share
2027 ongoing earnings per share
$4.48 to $4.62 per share
Long-term EPS growth (2027-2030)
10-plus percent on average
Long-term EPS growth (through 2031)
9-plus percent on average

Outlook

Capital investment
The company introduced a $70 billion five-year capital investment plan.
Data center growth
Management expects to sign energy service agreements for an additional 1 gigawatt of data centers by the end of 2026 and 3 gigawatts by the end of 2027.
Sales growth
The company remains on track for full year 2026 weather-adjusted electric sales to increase 3%.
Dividend growth
The company is maintaining a dividend growth objective of 4% to 6%, with the expectation to be at the low end of the range.
Regulatory environment
Management expects to make a recommendation filing for a 4,100 megawatt renewable and storage RFP in the Upper Midwest in the coming months.
Balance sheet
The company expects its dividend payout ratio to trend downward within the 45% to 55% range over the 2027 to 2031 forecast period.