Eversource Reports Q3 2026 Earnings with Decreased EPS Amid Regulatory Adjustments
Eversource (ES) reported third-quarter 2026 earnings of $0.92 per share, a decline from the $1.19 per share recorded in the prior-year period. The decrease was driven by several factors, including a reduction in the allowed return on equity for electric transmission and the disallowance of certain storm costs within the electric distribution segment. Additionally, natural gas distribution saw losses due to seasonal rate design changes in Massachusetts. Despite these headwinds, management raised its full-year 2026 earnings guidance midpoint to $4.66 per share. The company is executing a massive $26.5 billion five-year capital plan through 2030 focused on utility infrastructure. To support this investment and manage the balance sheet, Eversource plans to issue between $800 million and $1.1 billion in equity through 2030 and is pursuing storm cost securitization to reduce interest expenses.
Tickers: $ES
Topics: capital expenditure earnings report EPS guidance utility infrastructure
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