[ES Q2 2026 Earnings Call] Eversource Weathers FERC ROE Hit, Lands $700M Transmission Win and Files First CL&P Rate Case in a Decade — BigGo Finance

Eversource Energy (ES) reported Q2 2026 GAAP EPS of $0.14 and non-GAAP recurring EPS of $0.87, citing non-cash divestiture and offshore wind charges and lower Electric Transmission and Gas Distribution earnings. It reaffirmed 2026 non-GAAP EPS guidance of $4.57 to $4.72 and a 2026-2030 growth outlook of 5% to 7%.

Eversource Energy reported Q2 2026 income of $53.7 million, down from $352.7 million a year earlier, citing one-time charges including $111.4 million tied to its Aquarion sale, $62 million for a transmission ROE refund, and $164 million from offshore Revolution Wind liability increases. EPS fell to 14 cents. The company reaffirmed 2026 ongoing income guidance of $4.57 to $4.72 per share and expects 5% to 7% annual EPS growth through 2030.

Eversource Energy reported an after-tax charge of $164 million tied to increased construction costs for its Revolution Wind project. The company attributed the cost increases to stop-work orders issued by the Trump administration, citing liability for those higher costs. The update matters for investors tracking Eversource’s project-related expenses and earnings impact.

Eversource Energy reported a $164 million after-tax Q2 charge tied to two Trump-era stop-work orders affecting the Revolution Wind offshore wind farm. Q2 profit was $53.7 million (14 cents/share) on $2.9 billion revenue. The charge increases contingent liabilities to Global Infrastructure Partners. Eversource also filed a PURA rate case seeking to close a $451 million revenue gap and raise bills about 11%.

Eversource Energy (ES) shares hit a 52-week high of $76.42 and traded around $76.46, with a market cap of about $28.69B. The stock has nearly a 20% 1-year return and a 4.22% dividend yield. Q1 2026 EPS was $1.50 vs $1.49 forecast, revenue $4.5B vs $4.08B. The company sold Aquarion Water for $2.4B cash to reduce debt. Connecticut’s PURA proposed $742M recoverable storm costs; Argus downgraded to Hold and FERC reduced transmission ROE, lowering 2026 EPS guidance.

Eversource filed with Connecticut’s PURA to seek nearly 11% higher residential electric rates starting in 2027, citing $451 million in needed new revenues and about $1 billion in storm-response costs. Other briefs cover Blumenthal’s revised Russia sanctions bill, Connecticut education metrics review, a cyclospora outbreak linked to Taco Bell lettuce, and New Haven’s proposed data center moratorium.