had our second call, shortly. Thank delivering I'll strong cost a everyone. share foreshadowed numerous good adjusted QX by elaborate quarter earnings on you, and driven reduction initiatives $X.XX of on Garrick We per which morning,
past offset we first weather-driven Our quarter. the faced the challenges the few materially financial months has over in performance
guidance adjusted plan EPS with Garrick as are year. the the we share, of of basis, track this such, As our And our back-end reaffirming for $X.XX given nature on noted, on per a we're year-to-date weighted year.
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XXXX. majority operational have versus of the we our waste quarter primarily reduction down XX% and represent our trended the expense with and during roughly employee which exclude expenses, costs second that favorably associated noting benefits, of quarter O&M our worth is programs O&M it However, the energy second and are
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bond the like $XXX pricing the per company half the upside million XXXX positive in in first highlighted this financing here note the using bucket In efficiencies. X parent the short, the of was of the market middle carry. we of negative the The are first primary out subject an to proceeds of months pre-fund to of variance convertible the issuance source $X.XX year, Usually, attractive share and financing future on by conditions to prefundings catch-all chart. you'll needs. versus capitalized in the related majority Rounding of
costs. deposit the given funding However, managed current to favorable reinvest rates at yield to underlying inverted the the we've proceeds curve,
used balance of select opportunistic offering the this Convert further was sheet. from par, our which of a earnings has we delevered balance All bonds has well the to below liquidity tender position. financing proceeds transaction and the Lastly, portion accretive in, strengthened our
offset normal of of electric the as plan utility to negative equates which variance ahead, $X.XX the year's XXXX. we the strong by in for driven comparable than of versus to sales weather, more Due anticipate always, estimated weather the of period versus per of Looking share variance absence we at last which per quantified XXXX. summer, warm costs, that be rate have we relief, $X.XX half attributable by net negative first to will share the investment-related
reflect estimates the rate of rate recently to filed settlement gas case case residual XXXX terms agreement, the and which our benefits settlement. of approval our is commission electric Our subject
the the noted QX path utility O&M by lower aforementioned the for call, glide remainder out Closing driven our cost of anticipate of the we the year, the ongoing reduction overall initiatives. as expense during of benefits
share favorable the Some XXXX. fueled $X.XX variance equates restoration related versus and performance per the in service period year-over-year comparable CE usual of Way, expected the which by variance costs collectively cost to to positive
of the we roughly modest growth and quarter the NorthStar first fourth exercised of assuming we're $X.XX as pull-aheads our discussed XXXX. with share benefits quarter the during at per call, associated Lastly, in
original we in comparable XXXX. these per estimate the per share to positive items will As $X.XX drive guidance, $X.XX versus variance in, period all our of
experienced always we needless quarter but in progress made plan continue summary, challenging and we'll do. the great to to offset as weather we conservatively to In the execute say, first
Moody's. the sheet. our to recently X, from credit ratings we Slide on On Moving highlight reaffirmed balance
mid-teens to you over As period. know, target planning FFO-to-debt our we continue
remain a of investment-grade always, and benefit we financial customers strong focused coupled predictable construct cash solid the maintaining and ratings As supportive growth, investors. position supports to operating our with regulatory on a which, flow
the our coal of the Moving at more financing balance a at the financings the retired debt XXXX, issuances undepreciated on offers includes on of rate in base Slide X This funding to bond recently address specificity which needs first and planned mortgage facilities. limited are to both to plan. the securitization the Karn recovery utility. financing
year. been given the that the we've issuance, for company, As the last the of timing settlement equity delay bond of convertible the forwards able to priced parent
with roughly equity will the So needs contracts commensurate over $XXX of forward time. the of settled million the business be
deliver objectives, arise. conservatively and our year year and As benefit in financing our enabled of tried This I've the plan as approach similar the year has our and investors. of and how to said circumstances We to before, and operational capitalize plan opportunities to approach is we different. And has and the business. true they customers this irrespective on financial on run to no is our us out been
And Q&A session. to before hand it Garrick back with for that, the remarks I'll final his
