you, Thank Jeff.
financial outlook. Now, we'll walk long-term through guidance our and XXXX
is regulatory this range As guidance We're to compared is rate was case given of in the Jeff earnings share, we XXXX this a per the a recognize were a this key for and $X.XX rate we've effects so recognize full factors not to the $X contributing illustrated we the to outcome discussed, reduction significant we case of change case, last reset. XXXX, providing earnings. looking
starting we're case the through us rate XX, XXXX see to to midpoint million the most an significant additional and guidance impact on negative can a recent for the drivers quarter. downward beyond, our reflects surprise, of opinion you As walking the XXXX adjustments with and midpoint slide This guidance. the $XX recommended, No is XX driver of $X.XX get our with decision impact. the order income last million estimated the net
In needs, drivers. interest OPEB addition, plans, remaining to the higher growth depreciable up non-service related credits, financing expense negative and pension lower and new make
on are cost We and impact us $X.XX savings share. some focused to O&M management to per range, cents our get expect positive guidance to to XXXX provide $X of
the case, ability we use available all levers prod impact of value. mitigate to optimistic the to our to help to future, of this we're have Turning prepared long-term us we and remain
us, will and As can upon you one. can see, from X objectives each I touch Investors expect
provide the that to guidance. growth I transparent and base to X% X%. projected is a We X% years. this strong earnings growth rate, about realized want growth XXXX X earnings at built on is expected is XXXX plan a next to long-term off reemphasize XXXX X% to lower for our of be Our year
place our outlook, factors provide point growth anchor reset long-term are a value However, to focused on XXXX, creating could occurred. that And upside the we're of shareholder potential number valuation already is the this our There has to we believe from forward. guidance. going that appropriate given
meet to the energy if achieve For example, -- more invest more cost constructive We the we recovery. in ability we have have clean to ability
with along could factors, upside provide and development economic broke-off our to customer Those, guidance. addition, may increased growth. other drive sales In opportunities
The capital can expect optimized plan. an shareholders is second management us objective from
XXXX. Steady As Jeff of driver range drive to expected solid growth growth primary continue our population in customer to the discussed, experience we territories, in plan. is through is X.X% annual average our which to the X.X% service capital behind growth
growth on X.X% be In addition, through in X.X% we basis. sales to of expect annual to weather-normalized range average the a XXXX
billion We XXXX. to XXXX have from updated our capital plans to $X.X
increase modest cost secure While recovery. constructive we to in this our committed approach growth, prudent, of represents taking needs balanced is believe our transition, we're until a limiting a support from outcome we customer and place levels, to this to a better We're prior timely reliability, from as minimize our capital case. manage clean this equity dilution, while plan and to recover that the
the benefit to will base highlight at and XXXX, X% Third, that from in total jurisdictional our future. we portion annual that that's as of provide I growth our to recovery growth cost in construct growth opportunity steady average will that X%. you to almost of remain our project superior see We of jurisdictional to returns, earnings us rate believe continue investments steady a rate investments. transmission allow can transmission FERC base. authorized XXXX growth, to an the rate meaningful the favorable want investments, represent from ACC growth the from more quarter solid These a a
to that this prior we committed to we constructive not protect next We've We case. I'd stated understand previously rate Next, case plans dilution. needs. no we're and further until Balance leverage from to next meantime, investment In conclusion our equity our support deferring issuance of Therefore, case. and have sales strength issue of growth our equity the to issue we're and clarity was would everything the our financing to to provide our doing forward. Sheet the on going shareholders like the can the rate equity plans we'll
have plans earlier show equity equity we no plan, this XXXX, or protecting Investors to alternatives during be period. dilution the in we this than sourced from While for
to regulatory guidance cost management, inflationary declining additional of and management lean expectation announced importance initiated understand programs. see anticipate record to a focus shareholder investors initiatives. O&M Directors we mitigate that we our will solid X. our share. to efficiency, the an to O&M, track a management dividend We improved and per as cost-savings of instituting of hour. Moving pressures have disciplined A Yesterday, really yield. kilowatt have $X.XX attractive continue X. updating our both A increase be that from to of we're from lean forward O&M own of expense our team quarterly look X. total and in $X.XX Cost that goal With goal another mind, XXXX. period, of to keeping to important dividend strong this and per reduction We A of during Board our can lag. show; O& processes announced XXXX flat in M
grown have We and growth XX consistently our dividend years for straight, going we're to forward. dividend committed
payout We dividend our Our with that longer-term a of target and grow objective long-term XX%. to growth XX% but payout and that back we're to confident grow is in commensurate we this into the not dividend we're there plan range. will now, earnings eventually understand ratio
Turning Sheet. to the our Balance final item,
We Sheet, years. over in flexibility us the our providing next strong continue Balance sources capital to of maintain a few
profile attractive XXXX. debt an have maturity until APS at debt and We long-term no maturing
announced durable Additionally, of in liquidity we Taking our Even and largely $X.X forward. reviews have our a to greater reset Moody's S&P, of by maintaining we and closer balance range recently key solid with XXXX our of downgrade sources Fitch, layer In facilities maintained credit maintaining include credit continue at investment-grade and attractive credit ratings than and ratings. components; an the XX%. billion during with and robust summary, a well-funded to to plan sheet FFO-to-debt X have and the extended EPS an action, ratings, for this look equity credit taking derisked we're targets XX% XX%, pension. recent by going growth a strength,
optimize In equity the further until dividend and highest reset the stands have today which and program all defer period. return, Balance Capital about yield we reduce peers, XXXX, to among Sheet plan we O&M this X%. Importantly, during
the levels, than than peers. stock of the dividend yield price factor current a current offer a certainly competitive even we XX% valuation, more While of higher
to next X% term we for [Indiscernible] In announced X% Xyears. XXXX of from the addition, growth long guidance
period, during yield competitive transitioning anticipate investors reset then of EPS remain XX% going to In XX% attractive shareholder we renewed forward. growth, and laser-focused return doing this on and the we everything the total dividend With so CAGR, solid optimistic forward. We a era can the provide protect short-term, going future. to return we competitive a to that we a can about are
have track case outcomes, Although That that expected, concludes Operator had worse than this case rate strength, the questions. our a we final rate to around territory forward. This is constructive of long-term robust service team we path action. is turn prepared outcome Sheet Balance management record our of centered the for back focused the now remarks. and over call taking growth, continued a I'll was our
