Description

Eversource Energy Is Not Just Selling Assets — A $26.5 Billion Growth Plan Takes Shape! – Major Drivers, Financial Forecasts, DCF & Comparable Valuation, ESG & Other Risks (9/26)

Eversource Energy reported second quarter 2026 recurring earnings per share of $0.87, aligning with management expectations and reaffirming its long-term earnings per share growth guidance of 5% to 7%. The quarter’s GAAP earnings were $0.14 per share, impacted by significant noncash after-tax charges totaling $275 million related to the sale of Aquarion Water Company and increased contingent liabilities on the Revolution Wind offshore wind project. Excluding these charges, recurring earnings declined modestly compared to the prior year due primarily to reduced earnings in electric transmission and gas distribution segments. Transmission earnings were pressured by a Federal Energy Regulatory Commission (FERC) base return on equity (ROE) rate reduction, while gas distribution earnings were affected by prior-year recoverable expense benefits. These declines were partially offset by growth in the electric distribution segment. Strategically, Eversource completed the sale of Aquarion, raising net proceeds of $1.