Eversource Energy Eyes $1B+ Cash Recovery, New Connecticut Growth Path

Eversource Energy (ES), a large-cap utility company, has underperformed the Dow Jones Industrial Average, with shares down 11.3% from its 52-week high and up only 7% over the past year. Q2 2026 earnings fell to $53.7 million due to charges related to the Aquarion Water sale and offshore wind liabilities. Analysts have a 'Hold' consensus rating with a mean price target of $73.50, an 8.3% premium to current levels.

New England states and groups oppose NextEra Energy's $67B acquisition of Dominion Energy, citing concerns over energy costs and market power. Regulators and entities, including Eversource Energy, are reviewing the merger, which would consolidate two major nuclear plants in the region. Critics allege NextEra's past actions delayed a transmission line project, increasing costs for Massachusetts ratepayers.

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%.