| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 31, 2026 | 8/12 | 1 high, 4 medium, 1 low flags | 3 | 1 | Call sheet → |
| Q1'26 | 2026-05-07 | 10/12 | 2 medium, 4 low flags | 3 | 0 | Call sheet → |
| Q4'25 | February 13, 2026 | 10/12 | 3 medium, 3 low flags | 4 | 2 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | No equity issuance planned for 2026 Reiterated no equity for remainder of 2026 |
| Q2'26 | Missed | File CLMP rate case letter of intent in May Filed full case July 14 instead of letter of intent in May |
| Q2'26 | Delivered | Connecticut storm cost decision in July Received July 29, though $105M short of request and no carrying charges |
| Q2'26 | Pending | Revolution Wind COD in second half of 2026 Still on track per management but took additional $164M charge |
| Q2'26 | Delivered | File Section 205 for new FERC ROE using updated data Filed April 30 requesting 11.39% using FERC methodology |
| Q2'26 | Delivered | Close Aquarion sale after appeal periods Closed June 30 for $1.7B net proceeds as promised |
| Q1'26 | Exceeded | Junior subordinated notes issuance in 2026 Completed February 2026, 5x oversubscribed, trading above par |
| Q1'26 | Pending | 5-7% long-term growth rate off 2025 base Reaffirmed but now off midpoint of revised 2026 guidance |
| Q1'26 | Delivered | FFO-to-debt improvement maintained through 2026 14.2% S&P, 14.5% Moody's, both 100+ bps above thresholds |
| Q1'26 | Pending | Connecticut storm cost decision by July 2026 Timeline reaffirmed, securitization process ready to launch |
| Q1'26 | Delivered | Aquarion PURA decision by March 25, 2026 Received approval in March, now in final appeal period ending June 14 |
| Q1'26 | Pending | Revolution Wind first power in coming weeks (Q4 call) Still on track, 95% complete vs 87% last quarter, 60th turbine heading out |
| Q4'25 | Pending | Q3: 'the near term, we're good for now' on equity issuances Still planning $800M-$1.1B equity regardless of Aquarion, suggests 'near term' was very short. |
| Q4'25 | Delivered | Q3: Revised 2025 non-GAAP EPS guidance range of $4.72 to $4.80 Achieved $4.76, at high end of guided range. |
| Q4'25 | Exceeded | Q3: 'FFO to debt ratio for 2025 to be approximately 100 basis points above the rating agency thresholds' Achieved 400+ bps improvement at Moody's, 300+ at S&P, well above 100 bps target. |
| Q4'25 | Delivered | Q3: 'on track to invest nearly $5 billion this year' Deployed over $4B in capital investments in 2025, in line with guidance. |
| Q4'25 | Delivered | Q3: 'We expect to provide back-feed energization to the offshore facilities by the end of November' Completed construction of onshore substation and achieved energization target. |
| Q4'25 | Missed | Q3: 'we continue to expect to close the transaction by the end of this year' Did not close by year-end 2025, now dependent on March 25 PURA decision. |
| Q4'25 | Missed | Q3: 'We remain on schedule to receive a final decision for the sale of Aquarion Water on November 19' November 19 decision was negative, now remanded to March 25. Timeline slipped 4+ months. |
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