Eversource Energy's first quarter 2026 earnings beat estimates, but full-year guidance was lowered due to a negative regulatory ruling.

Eversource Energy reported first quarter 2026 GAAP earnings of $1.61 per share, up from $1.50 per share in the prior year. On a non-GAAP recurring basis, EPS was $1.73. Operating revenues for the quarter increased to $4.50 billion from $4.12 billion year-over-year.

Key Highlights

• Non-GAAP recurring earnings of $1.73 per share were driven by strong performance in the Natural Gas Distribution segment, where earnings increased 35% to $295.3 million due to higher distribution rates.
• The company revised its full-year 2026 non-GAAP recurring EPS guidance down to a range of $4.57 to $4.72, from the previous range of $4.80 to $4.95.
• Results included a $43.9 million after-tax charge, or $0.12 per share, related to a Federal Energy Regulatory Commission (FERC) decision that retroactively reduced the allowed return on equity for New England transmission owners.