Eversource Energy (ES) Earnings Call Transcripts

Eversource Energy's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Eversource Energy reported GAAP earnings per share of $1.61, up from $1.50 in Q1 2025, while non-GAAP EPS improved to $1.73. The company adjusted its 2026 non-GAAP earnings guidance to a range of $4.57 to $4.72 per share, reflecting the impact of a recent FERC decision that lowered the base transmission ROE from 10.57% to 9.57%. This decision is expected to decrease future after-tax earnings by approximately $70 million, which could impact investor sentiment moving forward.

Reported metrics

Guidance from management

Eversource adjusted its 2026 non-GAAP EPS guidance to a range of $4.57 to $4.72 per share, reflecting the impact of the FERC ROE decision. The company reaffirmed its long-term earnings growth rate target of 5% to 7%.

What management said

Yes. We, obviously, we were pleased with the PURA decision. I think it was very clear, and I think that they spoke to the issues that the appeal, what's running the appeal, and I felt very good about the decision. We continue to be watchful down there as you know. They are not just the parties that appeal, there are others involved. So we are vigilant. But as we've said in the past that we don't have a gun to our hea...

Sure, sure. As we -- as I said in my formal remarks, we feel that a new rate will be implemented towards the end of the year. I would say to your exact question, Carly, the first process or procedure out of the gate once we hit back from FERC within 60 days of the date of our filing is a point of a settlement judge to the case to bring the parties to the table. So hopefully, we can settle on the rate prospectively as...

What analysts pressed on

Analysts expressed concerns regarding the uncertainty surrounding the FERC ROE decision and its potential impact on future earnings. There were also questions about the timing and implications of the Aquarion sale and the ongoing regulatory landscape affecting capital investments.

Main topics on the call

• FERC ROE Decision Impact — Eversource's base transmission ROE was reduced from 10.57% to 9.57%, leading to an expected decrease in after-tax earnings of about $70 million for 2026. Management stated, "We are disappointed with FERC's actions in thi...
• Aquarion Sale Update — The sale of Aquarion received final approval from PURA, but an additional appeal period is pending until mid-June. Management expressed confidence in the approval, stating, "We felt very good about the decision," while a...
• Operational Performance During Blizzard — Eversource successfully restored power to over 500,000 customers during a severe blizzard, showcasing the effectiveness of infrastructure investments. Management noted, "These efforts in our successful restoration reflec...
• Regulatory Developments in Massachusetts — Massachusetts' executive order aims to enhance energy reliability and affordability, responding to rising electricity demand. Management highlighted the order's significance, stating it recognizes that "Massachusetts ene...

Read the full Eversource Energy transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 Eversource Energy earnings call transcripts on record, spanning February 20, 2020 to May 7, 2026. Based on this history, Eversource Energy reports quarterly. The most recent call on file is dated May 7, 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

26

First call

February 20, 2020

Most recent

May 7, 2026

Reporting cadence

quarterly