Eversource Energy Q3 Earnings Call Highlights

Impact · against what's priced in

Eversource Energy sees a modest positive catalyst from narrowed 2026 earnings guidance and reduced dilution risk, though this is tempered by operational headwinds. The warning regarding a complex FERC transmission refund creates a new liquidity uncertainty for 2027.

ES+0.20

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In context

The company raised its 2026 non-GAAP earnings guidance midpoint to $4.66 and effectively eliminated near-term equity dilution risk using $1.7 billion in proceeds from the Aquarion sale. However, these gains are offset by a challenging May 2027 FERC refund deadline and a 22.7% YoY decline in Q3 recurring EPS.

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• utilities▲9%
• earnings
• guidance
• infrastructure
• ES
• capital expenditure
• grid modernization
• offshore wind
• rate case