Friday, July 31, 2026

Current quarterly consensus is $0.14 EPS on $3.55B revenue; the last reported quarterly EPS was $0.17. No explicit quarterly revenue or EPS guide appears in the source — management's public targets are full-year cash flow, capex, leverage, and 2028 AI-enabling revenue. The hyperscaler capex signal suggests AI-enabling revenue could keep growing at a strong clip, but the stock's 25% drop after the last report shows sentiment is fragile. The question is whether management reaffirms the $2.45B FCF target and the $2B AI target for 2028. The one number to watch is AI-enabling revenue growth: Q4 2025 was +44%; a pace below 35% could make the 2028 target look harder.

Consensus for the July quarter is $4.83 EPS on $1.08B revenue; no current management guide appears in the source. Last quarter's EPS was $4.16, so the consensus number implies about 16% sequential growth, and $1.08B would be about 19% above the trailing quarterly revenue average. EMCOR's beat and raised guidance plus IESC's own 16.2% TTM growth suggest IESC could beat, but the layer data shows even beats can get sold. The key question is whether management raises the fiscal 2026 target above consensus of $19.69 EPS and $4,017M revenue. The single most important thing to hear is any current backlog or data-center revenue disclosure; without that, the quarter versus $4.83 and $1.08B is the whole story.

Consensus — the average analyst estimate — is $0.43 EPS on $8.67B revenue. Management's full-year guide is $20.2–20.8B adjusted EBITDA and $5.70–6.10 distributable cash flow per share, reaffirmed on the Q1 release. The growing secured backlog, high Mainline utilisation, and data-centre commentary from Meta and NextDecade suggest Enbridge could beat consensus, but the layer's negative reaction to beats means a beat alone might not be enough. The question is whether management raises the 2026 guide, grows the backlog beyond $41B, or names new data-centre gas sanctions. Watch the secured capital backlog: a flat or shrinking number could weaken confidence in final investment decisions on another $10–20B of projects by early 2028.

Consensus for the upcoming quarter expects $0.68 EPS on $4.04B revenue. Management's FY2026 guide is $3.40-$3.60 operating EPS; no revenue or margin guide was disclosed. The ecosystem and forward metrics suggest Dominion could extend its seven-quarter beat streak to eight. The question is whether management maintains the >50 GW pipeline, confirms the South Carolina rate case outcome, and updates ESA capacity. Watch the ESA capacity number: a print below 10.4 GW would be the first negative signal in the data-center load story.

Consensus for this quarter is $3.07 EPS on $8.16B revenue. Management has not disclosed a Q2 guide in the source, but it raised full-year organic growth to 9–11% and reaffirmed free cash flow of $3.9–$4.3B. Eaton has beaten EPS consensus 7 quarters in a row, and the order/backlog signals suggest it could beat again. The specific question is whether management raises or holds the full-year targets and whether Electrical Americas margins show progress toward the promised exit above 30%. The number to watch is rolling 12-month data-centre order growth: it was up 240% in Q1; a sharp deceleration from that pace could put the AI backlog story under pressure.

Consensus for this Friday's quarter is $4.49 EPS on $9.02B revenue. Management hasn't given a specific Q2 guide in the source, but last quarter they raised the low end of full-year EPS by $0.20 and promised margin expansion at or above the usual 30–50 bps range. The ecosystem and backlog signals suggest Linde could beat again — they've beaten 7 of the last 7 quarters — but the market mood in chip making means a beat alone may not lift the stock. So the question going in is whether a beat can overcome that high bar. The key number is the sale-of-gas backlog: if it holds at $7.1B and new electronics fab wins get announced, the full-year story stays on track; if it stalls, the '8 handle' promise gets harder.

Consensus is $0.65 EPS on $840M revenue for the quarter. Management has not given a quarterly guide; it reaffirmed full-year EPS of $3.33-$3.53 and lowered weather-adjusted load growth to 1.5%-2.5%. Consensus full-year EPS of $3.57 sits about $0.04 above the top of that range. The signals — 10% data-centre load growth, new contracts, and cost acceleration — suggest POR could beat or meet the quarter, but the Q1 miss shows weather can break a quarter. The question going in is whether management keeps the full-year range and whether the data-centre tariff order has landed; the number to watch is Q2 adjusted EPS versus $0.65, because a miss would put the full-year range at risk.

Consensus for Q2 is $0.42 earnings per share (EPS) on $927M revenue; management guided Q2 core growth to roughly 3.5% and full-year core growth of 1% to 4%. The signals suggest they could beat — they have beaten six quarters in a row, and the H2 profitability target implies management sees costs and mix improving. The question is whether they hold the FY guide, reaffirm the $100–200M data-center target, and say the roughly $5M Q1 sales recovery actually came back. The one number to watch is Q2 core growth: if it comes in below about 3.5%, the path to an H2 adjusted EBITDA margin near 23.5% could get harder.

Consensus for the quarter is $0.26 EPS on $580M revenue. Management's FY2026 guide calls for uranium production of 19.5–21.5 million pounds, deliveries of 29–32 million pounds at CAD 85–89 per pound, and Westinghouse adjusted EBITDA of $370M–$430M. The company beat 5 of the last 7 quarters, and year-to-date performance is said to be on track, so the signals suggest they could meet or beat the quarter. The key question is whether management reaffirms or tightens the full-year production and delivery guides, and whether Westinghouse's confidential IPO filing changes how they talk about that business. The one number to watch is uranium production: if it is tracking below the 19.5 million pound low end on a run-rate basis, the full-year guide could be at risk.

Consensus for the quarter is $5.55 earnings per share (EPS) on $62.72B revenue, well above the trailing-twelve-month average quarterly revenue. Management did not give a quarterly EPS or revenue guide; it reaffirmed full-year targets of 7-10% production growth, $18-19B organic capital spending, and $3-4B structural cost savings. The strong asset run rates, record refinery throughput expectations, and Microsoft's data-center demand commentary suggest Chevron could beat, but the large jump from Q1's $1.41 adjusted EPS means the composition of the quarter matters as much as the headline. The key question is whether management keeps the full-year guide intact and gives the promised TCO debottlenecking update. The single most important number to watch is Q2 global equity crude throughput: management expects over 40%, roughly double the historical ~15% level; a number well below that could weaken the margin-capture story.

Consensus for this print is $1.16 adjusted EPS on $1.26B revenue. Management did not give a Q2 guide in the source material; the latest full-year guide is $4.45–4.55 adjusted EPS and 21–23% organic growth. Strong backlog, ~40% order growth in Q1, and a raised full-year guide suggest nVent could beat again, but the layer’s -2.6% average reaction is a warning that good results can be sold. The key question is whether management keeps the 21–23% organic guide or raises it again. The single most important number: Q2 organic sales growth — it was +34% in Q1, and a sharp deceleration could make the full-year guide look aggressive.

Consensus for this print is $0.56 EPS on $567M revenue. Management’s explicit guide in the source material is a full-year EPS range of $2.74–$2.84 (labeled 2025), plus a 7%–9% long-term EPS growth target; no separate Q2 guide is disclosed. The load and regulatory signals suggest TXNM could beat, but its two beats in the last six quarters suggest that is not the base case. The question going in is whether management repeats or raises the up-to-150 MW data-centre figure and reaffirms the $10.2B capital plan. The number to watch is data-centre load: 70 MW added in Q1 and up to 150 MW promised from existing customers before year-end, because if that 150 MW figure is cut, the data-centre story loses its concrete anchor.

Consensus for Q2 is -$0.35 EPS on $1.56B revenue, just below the trailing-twelve-month quarterly average of about $1.59B. Management does not give quarterly revenue guidance; the closest public targets are ~10 GW/year commissioning by 2027, asset recycling funding at least a third of equity deployment, and closing Boralex late in 2026. The ecosystem and demand commentary suggest BEP could beat, but the company has only beaten 3 of the last 7 quarters, and the layer is currently discounting beats. The question is whether management gives an update on the Google 3,000 MW hydro framework and the Westinghouse/nuclear progress promised for the near term. Watch FFO per unit: Q1 was $0.55, up 15% YoY; if Q2 commentary points to a meaningful step down from that pace, the AI-driven growth story could look more like a pipeline story than a current-earnings story.

Consensus for Friday's print is $3.56 of earnings per share (EPS) on $109.94B revenue. ExxonMobil has beaten EPS in 6 of the last 7 quarters, but management has not given a formal Q2 revenue or margin guide in the source. The signals — record Guyana output, Permian growth, a $2B year-over-year Energy Products earnings jump, but about 3% of global production still offline in Qatar — suggest they could beat if production holds. The question is whether management offers an update on LNG FIDs or moves the hyperscaler discussions from 'continuing dialogues' to a signed deal. Watch total production: Q1 was 4,594 thousand barrels of oil equivalent per day (kboed); a meaningful drop could put the $3.56 EPS consensus at risk.

Consensus for the quarter is $0.11 EPS on $380M revenue. Management has not given a quarterly guide in the source; the full-year 2026 guide is $950M-$1.1B adjusted EBITDA and $350M-$450M free cash flow. With 2 beats in the last 7 quarters, the track record is mixed. The signals suggest TAC could meet or miss consensus depending on Alberta merchant prices and whether the EBITDA guide reflects a strong H2. The key question is whether management repeats or tightens the 2026 EBITDA range and whether it announces definitive data-centre agreements; the single most important number is the 2026 adjusted-EBITDA range.