Quarterly ResultJul 30, 2026, 04:24 PM
Eversource Q2 GAAP EPS $0.14, Down from $0.96; Reaffirms 2026 Guidance
AI Summary
Eversource Energy reported Q2 2026 GAAP earnings of $0.14 per share, a significant decrease from $0.96 per share in Q2 2025. This decline was primarily due to a $111.4 million after-tax charge from the sale of Aquarion Water Company and a $164.0 million after-tax charge related to an increase in offshore wind contingent liability. Despite the GAAP impact, 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. A conference call with financial analysts is scheduled for July 31, 2026, to discuss these results.
Key Highlights
- Q2 2026 GAAP EPS was $0.14, significantly down from $0.96 in Q2 2025.
- H1 2026 GAAP EPS was $1.75, compared to $2.45 in H1 2025.
- Q2 2026 non-GAAP recurring EPS was $0.87, compared to $0.96 in Q2 2025.
- Included a $111.4 million after-tax charge related to the sale of Aquarion Water Company.
- Included a $164.0 million after-tax charge for increased offshore wind contingent liability.
- Reaffirmed 2026 non-GAAP recurring earnings guidance of $4.57 to $4.72 per share.
- Reaffirmed long-term EPS growth rate of 5-7% through 2030, using 2026 as the base year.
- Electric Distribution segment earnings rose to $170.4 million in Q2 2026 from $161.5 million in Q2 2025.
Price Impact
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