01—Abstract
Summary
Summary of the 8-K filed November 4, 2026. Cited figures are marked; the original filing is the authoritative source.
Eversource Energy (ES) reported its third quarter and nine months ended September 30, 2026, results, with GAAP earnings per share of $0.92a for the quarter and $2.67 for the nine-month period.
These figures represent a decrease compared to the prior year's periods, primarily due to several one-time charges and adjustments. Notably, the company incurred charges related to the sale of Aquarion Water Company, an increase in expected future payments for its offshore wind divestiture, and refunds associated with a FERC decision reducing the allowed return on equity for New England transmission owners. Despite these impacts, Eversource is updating its 2026 non-GAAP recurring earnings guidance to a range of $4.62 to $4.70b per share, with an increased midpoint.
The company continues to focus on strategic initiatives including capital investment in its infrastructure, maintaining balance sheet strength, and engaging with regulators. A conference call is scheduled for November 5, 2026, to discuss these results and provide further insights.
02—Key points
Key Highlights
- Eversource Energy reported Q3 2026 GAAP EPS of $0.92 and nine-month EPS of $2.67, down from the prior year.
- Significant one-time charges impacted GAAP results, including those related to the sale of Aquarion Water Company, offshore wind divestiture adjustments, and FERC ROE rate reductions.
- The company updated its 2026 non-GAAP recurring earnings guidance to a range of $4.62 to $4.70 per share.
- A constructive decision from PURA regarding deferred storm costs in Connecticut is expected to provide a path for securitization benefiting customers.
- Eversource continues to advance its capital investment plan, with a robust plan of $26.5 billion through 2030.
- The company reaffirmed its long-term EPS growth rate target of 5% to 7% through 2030.
- A conference call is scheduled for November 5, 2026, to discuss financial performance and provide further details.
03—Questions
Frequently Asked Questions
What were the main reasons for the decrease in GAAP earnings per share compared to the previous year?
The decrease in GAAP earnings per share was primarily due to significant one-time charges. These included a non-cash charge related to the sale of Aquarion Water Company, an increased provision for future payments related to the offshore wind divestiture, and refunds stemming from a FERC decision that reduced the allowed return on equity for New England transmission owners.
What is Eversource Energy's updated earnings guidance for 2026?
Eversource Energy has updated its 2026 non-GAAP recurring earnings guidance to a range of $4.62 to $4.70 per share, with an increased midpoint. This reflects an improved outlook compared to previous guidance.
What is the company's long-term financial outlook and strategy?
Eversource Energy is reaffirming its cumulative long-term earnings per share growth rate target of 5% to 7% through 2030, using the revised 2026 non-GAAP earnings guidance midpoint as the base. Their strategy focuses on executing a significant capital investment plan ($26.5 billion through 2030) to enhance reliability and support load growth, maintaining strong balance sheet metrics, and engaging constructively with regulators.
What is the significance of the PURA decision regarding storm costs in Connecticut?
The Public Utilities Regulatory Authority (PURA) made a constructive decision on previously deferred storm costs, which Eversource states provides a clear path for securitization. This is expected to ultimately benefit Connecticut customers by balancing affordability and the investments needed for infrastructure.
04—Continue