| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 4.5K | 9.4% |
| Total Income | 4.5K | 9.4% |
| Expenditure | 3.4K | 7.4% |
| PBT | — | |
| Net Profit | 606.84 | 10.2% |
| OPM | 23.89% | 1.40pp |
| NPM | 13.47% | 0.10pp |
| EPS | 1.61 | 7.3% |
Eversource Energy Reports Q1 2026 Results: GAAP EPS $1.61
07 May 2026 · 7 May, 1:56 am
Summary
Eversource Energy reported GAAP earnings of $606.8 million, or $1.61 per share, for the first quarter of 2026. Non-GAAP recurring earnings were $650.7 million, or $1.73 per share. The company's performance was impacted by a FERC decision that reduced the return on equity rate for New England transmission owners. Eversource reaffirmed its long-term EPS growth target of 5% to 7% through 2030, using the adjusted 2026 non-GAAP earnings guidance midpoint of $4.65 per share as the base year.
Key Highlights
- 1
Eversource Energy reported GAAP earnings of $606.8 million, or $1.61 per share, for the first quarter of 2026.
- 2
Non-GAAP recurring earnings totaled $650.7 million, or $1.73 per share, in the first quarter of 2026.
- 3
The Board of Trustees approved a common dividend of $0.7875 per share, payable June 30, 2026.
- 4
The electric transmission segment earned $224.3 million in the first quarter of 2026, excluding the FERC ROE refund charge.
- 5
The natural gas distribution segment earned $295.3 million in the first quarter of 2026.
- 6
The company reaffirmed its compound annual earnings per share growth rate within the range of 5 to 7 percent through 2030, using the adjusted 2026 non-GAAP earnings guidance midpoint of $4.65 per share as the base year.
Management Comments
Joe Nolan
Eversource Energy's first quarter performance was highlighted by our team's strong response to a historic Nor'easter that brought blizzard conditions, record snowfall, and a significant number of power outages to our service area. Also, in the quarter, we were very disappointed with FERC’s arbitrary and flawed ROE reduction, especially at a time when New England needs significant transmission investments to bring incremental generation in the region that would lower costs for customers. Eversource will continue to vigorously pursue all actions against punitive decisions imposed by our regulators that jeopardize our ability to complete this critical work for customers.
Informational and educational content only. Not investment advice.