Nathan Lead, Senior Analyst at Morgans, says he's expecting to see no major negative earnings surprises this reporting season due to the stability of revenues in the infrastructure sector. Continued low interest rates should help to keep financing costs down. Focus will be on cost control, and forward distribution guidance statements. Of most interest is Transurban, who report on the 9th of August. Transurban's results will contain management's first guidance for FY17 distributions, and he's targeting 11% growth. He says to keep an eye on the free cash flow long-term incentive targets. These should give an idea of how much growth in free cash flow they're expecting over the next three years - he's targeting 8% p.a. over the next three years. Find out which infrastructure stocks to watch this reporting season in the video below.