Eversource Energy Reports Third Quarter 2026 Results

(NYSE:ES) Eversource Energy reported GAAP earnings of $346.0 million, or $0.92 per share, for the third quarter of 2026. This compares to GAAP earnings of $367.5 million, or $0.99 per share, and non-GAAP recurring earnings of $442.5 million, or $1.19 per share, in the third quarter of 2025. For the first nine months of 2026, GAAP earnings were $1.01 billion, or $2.67 per share, compared to $1.27 billion, or $3.44 per share, for the same period in 2025. Non-GAAP recurring earnings for the first nine months of 2026 were $1.33 billion, or $3.52 per share, versus $1.35 billion, or $3.64 per share, in the first nine months of 2025. GAAP results for the first nine months of 2026 include a non-cash, after-tax charge of $111.4 million, or $0.30 per share, related to the sale of Aquarion Water Company on June 30, 2026; an after-tax charge of $164.0 million, or $0.43 per share, related to increased expected future payments for the offshore wind divestiture as part of the September 30, 2024, sale of South Fork Wind and Revolution Wind; and an after-tax charge of $43.9 million, or $0.12 per share, related to estimated refunds from the March 19, 2026, FERC decision reducing the ROE rate for New England transmission owners from 10.57% to 9.57%. GAAP results for the first nine months of 2025 included an aggregate net after-tax loss of $75.0 million, or $0.20 per share, related to an increase in the offshore wind contingent liability, net of tax benefits from tax losses on the sale of offshore wind projects. Eversource updated its 2026 non-GAAP recurring earnings guidance to a range of $4.62 to $4.70 per share, with a midpoint of $4.66 per share, and reaffirmed its cumulative long-term earnings per share growth rate of 5 to 7 percent through 2030, using the revised 2026 guidance midpoint as the base year. The company expects annual earnings growth toward the upper half of its long-term guidance by 2028. The transmission segment, excluding the FERC ROE refund charge, earned $182.0 million in Q3 2026 and $590.0 million in the first nine months of 2026, compared to $185.5 million and $593.0 million, respectively, in 2025. The electric distribution segment earned $200.9 million in Q3 2026 and $574.1 million in the first nine months of 2026, compared to $221.6 million and $571.6 million, respectively, in 2025. The natural gas distribution segment had a loss of $43.4 million in Q3 2026 and earned $281.6 million in the first nine months of 2026, compared to a loss of $16.8 million and earnings of $236.9 million, respectively, in 2025. The water distribution segment, excluding the Aquarion sale charge, earned $17.9 million in the first nine months of 2026, compared to $36.8 million in the first nine months of 2025. Parent and other companies, excluding offshore wind contingent liability increases, earned $6.5 million in Q3 2026 and had a loss of $137.8 million in the first nine months of 2026, compared to earnings of $33.3 million and a loss of $92.2 million, respectively, in 2025. Eversource has approximately 377 million common shares outstanding and serves more than 4 million electric and natural gas customers in Connecticut, Massachusetts, and New Hampshire. Joe Nolan, Chairman, President and CEO, stated that the company continues to execute on strategic initiatives, deliver safe and reliable energy service, and invest in infrastructure. He highlighted a constructive decision from PURA on deferred storm costs, providing a path to securitization for Connecticut customers. The company will webcast a conference call with senior management on November 5, 2026, at 9 a.m. Eastern Time.

Eversource Energy Reports Second Quarter 2026 Results

(NYSE: ES) Eversource Energy reported GAAP earnings of $53.7 million, or $0.14 per share, for the second quarter of 2026, compared with $352.7 million, or $0.96 per share, for the second quarter of 2025. Non-GAAP recurring earnings totaled $329.1 million, or $0.87 per share, in the second quarter of 2026. For the first half of 2026, Eversource reported GAAP earnings of $660.5 million, or $1.75 per share, compared with $903.5 million, or $2.45 per share, for the first half of 2025. GAAP results for 2026 include a non-cash, after-tax charge of $111.4 million related to the sale of Aquarion Water Company and a $164.0 million charge related to an increase in offshore wind contingent liability for expected future payments to Global Infrastructure Partners. The company reaffirmed its revised 2026 non-GAAP recurring earnings guidance of between $4.57 per share and $4.72 per share, and its cumulative long-term earnings per share growth rate within the range of 5 to 7 percent through 2030, using the adjusted 2026 non-GAAP earnings guidance midpoint of $4.65 per share as the base year. Eversource expects annual earnings growth towards the upper half of its long-term guidance by 2028. Eversource Energy serves more than 4 million electric and natural gas customers in Connecticut, Massachusetts and New Hampshire and has approximately 377 million common shares outstanding.

Eversource Energy Completes the Sale of Aquarion Water Company

(NYSE:ES) Eversource Energy announced the successful completion of the sale of Aquarion Water Company to Aquarion Water Authority for a total transaction purchase price of $2.4 billion cash. The adjusted net equity proceeds of approximately $1.7 billion will be used to displace Eversource debt. Eversource entered a definitive agreement to sell AWC to AWA on January 27, 2025, and the sale was approved by the Connecticut Public Utilities Regulatory Authority on March 25, 2026. As a result of the sale, Eversource expects to recognize an after-tax non-cash non-recurring charge of approximately $115 million, or $0.31 per share, in the second quarter of 2026. The company's revised 2026 non-GAAP guidance is $4.57 per share to $4.72 per share, including the impact of the absence of Aquarion earnings. Eversource continues to expect its cumulative long-term earnings per share growth rate to be within the range of 5 to 7 percent through 2030, using the adjusted 2026 non-GAAP earnings guidance mid-point of $4.65 per share as the base year. Eversource transmits and delivers electricity and natural gas to approximately 4 million customers in Connecticut, Massachusetts and New Hampshire.