Eversource Energy (ES) Earnings Call Transcripts

Eversource Energy's Latest Earnings Call - September 30, 2026

In the third quarter of fiscal year 2026, Eversource Energy reported significant progress, highlighted by the completion of its wind turbine project and a successful sale of its water business for $2.4 billion, which bolstered its cash position. The company achieved $960 million in storm cost recovery in Connecticut, with additional cash inflows expected from ongoing securitization efforts. Management maintained a positive outlook, emphasizing a stable regulatory environment in Connecticut and a robust $26.5 billion capital plan, which includes new projects that could drive future growth.

Reported metrics

Guidance from management

Management maintained a positive outlook for the upcoming fiscal year, signaling continued growth and investment opportunities. They expect to finalize the rate case in Connecticut and anticipate favorable outcomes from regulatory discussions.

What management said

Yes, for sure. And I think we can get back to the days where we're able to collaborate. Like as I used to say to the governor, I'd say what's good for you is good for me. Like we don't want any light shining between us in terms of priorities. If something is important to you, we're going to make it important to us. So let's collaborate because as a matter of fact, we just talked with the governor in Massachusetts. Sh...

Yes. So the Millstone contract is up in '29. So we've got a couple of years here to think that through. And obviously, this won't be something -- I don't think we're going to see anything on Millstone until a few other things happen.

What analysts pressed on

Analysts expressed concerns regarding the potential impact of upcoming elections on regulatory stability in Connecticut. There are worries about how political dynamics might influence rate cases and overall affordability for customers.

Main topics on the call

• Successful Sale of Water Business — Eversource completed the sale of its water business, Aquarion Water, for $2.4 billion, receiving $1.7 billion in cash. This transaction was positively received by rating agencies, leading to upgrades in credit ratings.
• Storm Cost Recovery — The company reported recovering 96% of its storm costs in Connecticut, amounting to $960 million. Management indicated that they are still pursuing an additional $40 million, which could further enhance liquidity.
• Regulatory Environment in Connecticut — Management expressed confidence in the new regulatory commission in Connecticut, stating, "This is a stable regulatory body that's engaged." They anticipate a productive dialogue as they approach the upcoming rate case.
• FERC Rate Decision — Eversource is awaiting a new rate decision from FERC by November 30, which management believes will be favorable. They expect the rate to be better than the previously proposed 9.57%.

Read the full Eversource Energy transcript (September 30, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 Eversource Energy earnings call transcripts on record, spanning February 20, 2020 to September 30, 2026. Based on this history, Eversource Energy reports quarterly. The most recent call on file is dated September 30, 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

28

First call

February 20, 2020

Most recent

September 30, 2026

Reporting cadence

quarterly