Eversource Q2 FY2026: GAAP EPS $0.14, recurring $0.87 misses consensus
Eversource's second quarter looked ugly on the surface and soft underneath: GAAP EPS of $0.14 carried $0.73 of one-time charges, and the $0.87 recurring figure landed 5.6% below the $0.9213 consensus. The case rests on reaffirmed 2026 guidance and regulated rate-base spending rather than this quarter's results. Read it as a regulated utility doing its job with a quarter that did not clear the bar.
1 · Expected vs. Actual
Free preview belowGAAP EPS fell to $0.14 from $0.96, but $0.73 of that gap is two non-cash items: $0.30 tied to the June 30, 2026 Aquarion sale and $0.43 tied to a higher offshore wind contingent liability. Recurring EPS of $0.87 still missed the $0.9213 consensus by 5.6% and came in below last year's $0.96, so the shortfall is not purely accounting noise.
Revenue was $2.90 billion, up 2.3% from $2.84 billion in the same quarter last year. The company points to base distribution rate increases at its Massachusetts and New Hampshire electric businesses and continued distribution-system investment, partly offset by higher interest expense, depreciation and property taxes.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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