Eversource Energy Q2 Earnings Miss Estimates as Operating Costs Surge

Earnings
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Summary · why it matters

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.

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