Quarterly ResultJul 30, 2026, 04:17 PM
Eversource Q2 GAAP EPS $0.14, Down 85%; Aquarion Sale, Wind Charge
AI Summary
Eversource Energy reported Q2 2026 GAAP earnings of $53.7 million, or $0.14 per share, a significant decrease from $352.7 million, or $0.96 per share, in Q2 2025. This decline was primarily due to a $111.4 million non-cash charge from the sale of Aquarion Water Company and a $164.0 million charge related to an increase in offshore wind contingent liability. Despite the GAAP impact, non-GAAP recurring earnings for Q2 2026 totaled $329.1 million, or $0.87 per share. The company reaffirmed its 2026 non-GAAP recurring earnings guidance of $4.57 to $4.72 per share and its long-term EPS growth rate of 5-7% through 2030, citing the completion of the Aquarion divestiture and new transmission opportunities.
Key Highlights
- Q2 2026 GAAP EPS was $0.14, down from $0.96 in Q2 2025.
- Q2 2026 non-GAAP recurring EPS was $0.87.
- GAAP results include a $111.4 million charge from Aquarion Water Company sale.
- GAAP results include a $164.0 million charge for offshore wind contingent liability.
- H1 2026 GAAP results include a $43.9 million charge for FERC ROE reduction.
- Reaffirms 2026 non-GAAP recurring EPS guidance of $4.57 to $4.72.
- Reaffirms long-term EPS growth rate of 5-7% through 2030.
- Electric Distribution segment earnings increased to $170.4 million in Q2 2026.
Price Impact
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