Eversource Energy Q3 profit falls on higher costs
ES•ES•ES•ES•Eversource Energy’s preliminary third-quarter EPS fell to $0.92 from $0.99 a year earlier, while operating revenue declined. The company raised its 2026 recurring EPS guidance to $4.62-$4.70.
Eversource Energy’s preliminary third-quarter EPS fell to $0.92 from $0.99 a year earlier, and operating revenue declined. The company cited higher costs and regulatory charges as factors in the lower results.
The company raised its 2026 non-GAAP recurring EPS guidance to $4.62-$4.70, with a midpoint of $4.66. It reaffirmed cumulative long-term EPS growth of 5%-7% through 2030 and expects annual earnings growth toward the upper half of its guidance by 2028.
Transmission earnings were reduced by a lower allowed return on equity and higher interest expense. Electric distribution results were affected by disallowed storm costs, higher depreciation, interest and property taxes, partly offset by higher base distribution rates. Natural gas distribution results declined due to a seasonal rate design change and higher depreciation expense.
