Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas. The company also operates regulated water utilities that provides water services to residential, commercial, industrial, municipal and fire protection, and other customers in Connecticut, Massachusetts, and New Hampshire. The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy was incorporated in 1927 and is headquartered in Springfield, Massachusetts.
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Eversource Energy reaffirms 2026 guidance despite weaker Q2 results and offshore wind liabilities
Eversource Energy reported second-quarter 2026 sales of US$2,903.19 million but net income fell to US$53.68 million, with basic earnings per share from continuing operations down to US$0.14. Despite the sharp earnings drop linked to one-time charges and pressures in its transmission and natural gas businesses, the company reaffirmed its 2026 earnings guidance, long-term 5–7% earnings growth target, and a US$26.5 billion capital plan focused on New England grid investments. ISO New England tentatively selected a US$2.2 billion transmission project involving Eversource, targeted for a 2032 in-service date, which would sit within the broader US$26.5 billion capital plan. The weak quarter highlights near-term risk around cost recovery and allowed returns, particularly from offshore wind-related liabilities, though management does not see this quarter alone as changing the central near-term catalyst or primary risk.
Eversource Energy Q2 Earnings Miss Estimates as Operating Costs Surge
Eversource Energy reported second-quarter 2026 non-GAAP earnings of 87 cents per share, missing the Zacks Consensus Estimate of 88 cents by 1.14% and declining 9.4% from 96 cents a year earlier. Total revenues rose 2.3% to $2.90 billion but fell short of the $3.14 billion consensus, while operating expenses jumped 8.6% to $2.36 billion, driven by a 14.8% increase in purchased power, natural gas, and transmission costs. Operating income dropped 18.4% to $540.9 million, and interest expenses climbed 21.3% to $355.5 million. Segment results were mixed, with electric transmission earnings down 11.7% to $183.7 million, electric distribution up 5.5% to $170.4 million, and natural gas distribution falling 15.9% to $29.7 million. The company reaffirmed its 2026 earnings guidance of $4.57 to $4.72 per share and maintained a long-term growth target of 5% to 7% through 2030, backed by a five-year capital plan of $26.5 billion.
Eversource Energy reports second-quarter 2026 GAAP earnings of $0.14 per share
Eversource Energy reported GAAP earnings of $53.7 million, or $0.14 per share, for the second quarter of 2026, down from $352.7 million, or $0.96 per share, in the same period last year. Non-GAAP recurring earnings totaled $329.1 million, or $0.87 per share, in the second quarter of 2026. GAAP results included a non-cash, after-tax charge of $111.4 million, or $0.30 per share, related to the sale of Aquarion Water Company on June 30, 2026, and an after-tax charge of $164.0 million, or $0.43 per share, for an increase in the offshore wind contingent liability tied to the September 30, 2024 sale of the South Fork Wind and Revolution Wind projects. For the first half of 2026, GAAP earnings were $660.5 million, or $1.75 per share, compared with $903.5 million, or $2.45 per share, in the first half of 2025, while non-GAAP recurring earnings reached $979.8 million, or $2.60 per share. The company reaffirmed its 2026 non-GAAP recurring earnings guidance of $4.57 to $4.72 per share and its long-term earnings per share growth rate of 5 to 7 percent through 2030.
Eversource, National Grid, EnergyHub, Sunrun, and The Mobility House to Test Residential Vehicle-to-Grid Program in Massachusetts
Eversource, National Grid, EnergyHub, Sunrun, and The Mobility House announced a joint effort to test vehicle-to-grid capabilities in Massachusetts. Qualifying residential customers of Eversource and National Grid will be able to enroll their V2G-capable electric vehicles in the existing ConnectedSolutions program, which already uses flexible capacity from thermostats, batteries, and commercial and industrial resources to reduce grid strain. Participating EVs will send stored energy back to the grid during peak demand, helping prevent system strain and enhancing overall grid stability, while drivers earn incentives. National Grid is also leveraging V2G for light-to-medium-duty fleets within ConnectedSolutions, beginning with school buses, and Eversource is in discussions with districts as part of its ConnectedSolutions+ offering. The partnership aims to turn parked EVs into a vital tool for a more reliable energy system, with more than 150,000 EVs on the road in Massachusetts and an increasing number of bidirectional-capable models available.
AI Power Demand Surge Makes Five High-Yield Utility Stocks Attractive for Decades
Surging AI data center electricity demand is accelerating utility infrastructure spending and making high-yield utility stocks increasingly attractive for long-term investors. Avista offers a strong 4.64% dividend and holds a Weiss Ratings Buy rating. Brookfield Infrastructure Partners yields 4.64% and carries Morgan Stanley's Overweight rating with a $46 price target. Edison International pays a 4.37% dividend, has Barclays' Overweight rating and a $77 price objective, and is seen as a strong pick through 2026. Eversource Energy yields 4.06% with Wells Fargo's Overweight rating and a $76 target, while Portland General Electric pays 3.98% and has a BTIG Buy rating with a $58 target.
Eversource Energy completes nearly US$1.70 billion Aquarion sale to fund pure-play regulated utility shift
Eversource Energy has completed the nearly US$1.70 billion sale of its Aquarion water business, using the proceeds to reduce debt and reposition itself as a pure-play regulated electric and natural gas utility. The company discussed the transaction during its second-quarter 2026 earnings call, emphasizing a sharper focus on core infrastructure and grid reliability investments. Management highlighted that the sale proceeds are earmarked to lower leverage at a time when interest payments are not well covered by earnings and rising financing costs remain a key concern. The call also served as a near-term catalyst for investors to assess how the Aquarion exit and pure-play shift are reflected in the balance sheet and interest costs. Eversource’s multi-year capital expenditure plan and post-sale leverage will be critical factors in evaluating the company’s risk profile amid potentially tougher regulation that could compress allowed returns.
Eversource Energy Outperforms CenterPoint Energy on Key Metrics, Zacks Says
Zacks Investment Research compared CenterPoint Energy and Eversource Energy, concluding that Eversource offers better return potential based on several financial metrics. Eversource's return on equity stands at 11.59%, above CenterPoint's 10.56% and the industry average of 11.22%, while its dividend yield of 4.49% exceeds CenterPoint's 2.13%. Eversource also carries a lower debt-to-capital ratio of 64.50% versus CenterPoint's 68.31%, and holds a Zacks Rank of 3 (Hold) compared to CenterPoint's Rank of 4 (Sell). CenterPoint's long-term earnings growth estimate is 8.85%, higher than Eversource's 3.25%, but Eversource's stronger efficiency and shareholder returns led Zacks to favor it at this time.
Argus Downgrades Eversource Energy to Hold After FERC Order Cuts Transmission ROE
Argus analyst Marie Ferguson downgraded Eversource Energy from Buy to Hold on June 12, without a price target. The downgrade follows a Federal Energy Regulatory Commission order that reduced the utility's electric transmission return on equity by 100 basis points, applied retroactively to 2011. Eversource now expects fiscal 2026 adjusted earnings per share between $4.57 and $4.72, reflecting a lowered transmission base ROE of 9.57%, though it reaffirmed a long-term earnings growth rate target of 5% to 7%. Argus noted the company's annual dividend yield above 4.5% and its legal challenges to the FERC order, but sees near-term uncertainty.
Eversource Energy Stock Trails Nasdaq with 10.4% Annual Gain Versus 35.5%
Eversource Energy shares have underperformed the Nasdaq Composite over the past year, rising 10.4% compared with the tech-heavy index's 35.5% surge. The Springfield-based utility, which serves about 4.4 million customers across Connecticut, Massachusetts, and New Hampshire, saw its stock dip 3.7% over the past three months while the Nasdaq jumped 17.7%. Year-to-date, ES has gained 3.7% against the Nasdaq's 13.8% rally, and the stock remains below both its 50-day and 200-day moving averages. The company recently lowered its 2026 adjusted EPS guidance to a range of $4.57 to $4.72, down from $4.80 to $4.95, after federal regulators approved lower electricity transmission rates in New England and following the completion of its $2.4 billion water utility sale. Analysts have downgraded the stock to a consensus Hold rating from Moderate Buy two months ago, with a mean price target of $72.55 implying a potential upside of 4.3%.