Quarterly ResultMay 6, 2026, 04:26 PM
Eversource Q1 EPS $1.61; Revises 2026 Guidance to $4.57-$4.72
AI Summary
Eversource Energy reported Q1 2026 GAAP earnings of $1.61 per share, an increase from $1.50 in Q1 2025, with non-GAAP recurring earnings reaching $1.73 per share. However, the company revised its 2026 non-GAAP recurring earnings guidance downwards to $4.57-$4.72 per share, primarily due to a $43.9 million FERC ROE refund charge and potential impacts from the Aquarion sale. At its Annual Meeting, shareholders elected nine trustees, approved executive compensation, ratified Deloitte & Touche LLP as the independent auditor, and rejected a proposal for an independent board chairman. The Board also approved a common dividend of $0.7875 per share.
Key Highlights
- Q1 2026 GAAP EPS was $1.61, up from $1.50 in Q1 2025.
- Q1 2026 Non-GAAP recurring EPS was $1.73.
- Revised 2026 non-GAAP recurring EPS guidance to $4.57-$4.72, from $4.80-$4.95.
- Q1 2026 GAAP results include a $43.9 million ($0.12/share) FERC ROE refund charge.
- Board approved a common dividend of $0.7875 per share, payable June 30, 2026.
- Shareholders elected nine trustees and ratified Deloitte & Touche LLP as auditor for 2026.
- Shareholders approved executive compensation but rejected an independent board chairman proposal.
- Electric Transmission (non-GAAP) earnings rose to $224.3 million from $199.4 million in Q1 2025.