Eversource Q2 net income falls sharply on charges; backs FY outlook
ES•Outlook reaffirmed
Eversource reaffirmed its 2026 non-GAAP recurring EPS guidance of $4.57 to $4.72.
The company also maintained its long-term EPS growth rate target of 5%-7% through 2030 and said it expects annual earnings growth toward the upper half of guidance by 2028.
Segment and rate drivers
Lower transmission segment earnings reflected a regulatory reduction in allowed ROE and higher interest expense, partially offset by continued investment.
Improved electric and gas distribution results were driven by higher revenues from base distribution rate increases and continued investment, partially offset by higher costs.
Analyst coverage and valuation
The current average analyst rating on the shares is hold, with 6 strong buy or buy ratings, 9 hold ratings, and 3 sell or strong sell ratings.
The average consensus recommendation for the electric utilities peer group is buy. Wall Street's median 12-month price target for Eversource Energy is $75.50, about 1% above its July 29 closing price of $74.76.
The stock recently traded at the next 12-month earnings vs. a P/E of three months ago.
