Eversource Energy Reports Q3 Non-GAAP EPS Beat Amid Revenue Miss
Eversource Energy (ES) reported third-quarter financial results featuring a significant beat on earnings per share, with non-GAAP EPS reaching $1.19, exceeding expectations by $0.27. However, the company faced headwinds in top-line performance, reporting revenue of $2.98 billion, which missed estimates by $170 million and represents a 7.5% decline year-over-year. Looking ahead, Eversource is adjusting its long-term financial outlook. The company updated its 2026 non-GAAP recurring earnings guidance to a range of $4.62 to $4.70 per share, effectively raising the midpoint to $4.66 per share. This adjustment suggests management's confidence in long-term profitability despite recent revenue volatility.
Tickers: $ES
Topics: earnings beat guidance update revenue miss utility sector