Quarterly ResultAug 3, 2026, 04:39 PM
Eversource Q2 EPS $0.14, Down from $0.96; Offshore Wind Loss Impacts Results
AI Summary
Eversource Energy reported a significant decline in net income and EPS for the second quarter and first half of 2026. For the three months ended June 30, 2026, basic EPS fell to $0.14 from $0.96 in the prior year, primarily due to a $194 million loss on offshore wind projects. Despite the earnings decline, operating revenues increased, and cash flow from operating activities improved for the six-month period, significantly boosted by $2.33 billion in proceeds from the sale of Aquarion.
Key Highlights
- Q2 2026 Basic EPS fell to $0.14 from $0.96 in Q2 2025.
- Net Income attributable to common shareholders for Q2 2026 was $53.68 million, down from $352.73 million.
- Reported a $194 million loss on offshore wind projects in Q2 2026.
- Operating revenues for Q2 2026 increased to $2.90 billion from $2.84 billion.
- Net cash flows from operating activities for H1 2026 increased to $2.41 billion.
- Proceeds from the sale of Aquarion totaled $2.33 billion in H1 2026.
- Cash and cash equivalents increased to $1.82 billion as of June 30, 2026.
Price Impact
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