$ES · EVERSOURCE ENERGY
Eversource Energy reported Q3 2026 GAAP and non-GAAP earnings of $346.0 million, or $0.92 per share, versus GAAP $367.5 million ($0.99) and non-GAAP recurring $442.5 million ($1.19) in Q3 2025. Nine-month GAAP EPS was $2.67 versus $3.44 a year ago, with non-GAAP recurring EPS of $3.52 versus $3.64. The company raised 2026 non-GAAP recurring EPS guidance to $4.62-$4.70 (midpoint $4.66) and reaffirmed 5-7% long-term EPS growth through 2030.
- Q3 2026 revenue was $2.979B, down from $3.221B a year earlier.
- Nine-month GAAP EPS fell to $2.67 from $3.44, driven by Aquarion sale, offshore wind, and FERC ROE charges.
- 2026 non-GAAP recurring EPS guidance midpoint raised to $4.66 from prior level.
- FERC ROE cut to 9.57% from 10.57% drove a $43.9M after-tax refund charge.
- Aquarion sale (June 30, 2026) produced a $111.4M after-tax charge, or $0.30 per share.
Extended-hours last trade $70.99, up 0.75% vs the $70.46 regular close, suggesting a mildly positive reaction to the raised guidance despite the EPS decline.
A guidance raise offset by a GAAP EPS decline and multiple one-time charges gives investors a mixed read on Eversource's core earnings trajectory.
Regulated utility results remain pressured by the FERC transmission ROE reduction to 9.57%, a headwind shared across New England transmission owners.
Offshore wind contingent liability increased by $164.0M after-tax in 2026, and PURA disallowed storm costs weighed on electric distribution results.