Eversource Energy (ES) Earnings Call Transcripts

Eversource Energy's Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, Eversource Energy reported recurring earnings per share (EPS) of $0.87, which was in line with expectations. The company reaffirmed its long-term EPS growth guidance of 5% to 7% and maintained its 2026 non-GAAP EPS guidance range of $4.57 to $4.72. Key developments included the completion of the Aquarion sale, generating $1.7 billion in net proceeds, and a significant after-tax charge of $164 million related to the Revolution Wind project, which is on track for commercial operation later this year.

Reported metrics

Guidance from management

Eversource reaffirmed its non-GAAP EPS guidance for 2026 at $4.57 to $4.72 per share and maintained its long-term EPS growth target of 5% to 7% through 2028.

What management said

Yes. I think the third quarter call, you'll have some good insight. We're expecting stakeholder comments on August 14 on the preliminary recommendations. Then August, September, ISO New England will review it, they're going to respond to the stakeholders. And we currently anticipate a publication of a final recommendation in September. So we should be in a good position for the third quarter call to give you more upd...

And Carly, I'm sure you're going to have a follow-up question. I'm sure everyone is wondering how much of that $700 million will be rolled into our current 5-year forecast, taking us through 2030. You should think of it as probably half, 50% of that CapEx will incur during that forecast period.

What analysts pressed on

Analysts expressed concerns regarding the regulatory environment, particularly the FERC ROE decision and its implications for future earnings. There were also questions about the potential impact of the Connecticut rate case on customer bills and the company's ability to manage storm costs effectively.

Main topics on the call

• Aquarion Sale Completion — Eversource completed the sale of Aquarion, resulting in net proceeds of $1.7 billion, which will strengthen its balance sheet and allow for reinvestment in core operations. Management stated, "This sale was a significant...
• Revolution Wind Project Update — The Revolution Wind project is progressing towards its commercial operation date later this year, despite a $164 million after-tax charge due to increased estimated costs. Management noted, "The project is nearly complet...
• FERC ROE Decision and Regulatory Challenges — Eversource is appealing the FERC decision that reduced its base ROE rate, with a new decision expected by November 30. Management emphasized the need for a predictable regulatory environment, stating, "More than ever, th...
• Connecticut Rate Case Filing — Eversource filed a rate case for Connecticut Light and Power, seeking a revenue deficiency of $451 million. Management expressed confidence in the filing, stating, "We feel very good that we will get a fair hearing in Co...

Read the full Eversource Energy transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Eversource Energy earnings call transcripts on record, spanning February 20, 2020 to July 31, 2026. Based on this history, Eversource Energy reports quarterly. The most recent call on file is dated July 31, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ES

Exchange

NYSE

Country

US

Sector

Utilities

Industry

Electric Utilities

Calls on record

27

First call

February 20, 2020

Most recent

July 31, 2026

Reporting cadence

quarterly