Eversource Q1 revenue beats estimates

Eversource Energy

06/05/2026 21:25

Overview

US utility operator's Q1 revenue rose, beating analyst expectations

Q1 net income beat analyst expectations

Results include $43.9 mln after-tax charge from FERC ROE reduction order

Outlook

Eversource cuts 2026 non-GAAP recurring EPS guidance to $4.57-$4.72 from $4.80-$4.95

Company reaffirms 5-7% compound annual EPS growth rate through 2030, using 2026 midpoint as base

Eversource expects annual EPS growth toward upper half of long-term range by 2028

Result Drivers

TRANSMISSION INVESTMENT - Transmission segment earnings rose on continued investment and higher non-refundable revenues, partially offset by higher interest expense

BASE RATE INCREASES - Electric and natural gas distribution segments benefited from base distribution rate increases and ongoing infrastructure investment, with higher revenues partially offset by increased expenses

FERC ROE CHARGE - Results include a $43.9 mln after-tax charge related to a FERC order reducing allowed return on equity for transmission, with Eversource pursuing legal actions against the decision

Company press release: ID:nBwFJ90Ga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$4.50 bln
$4.12 bln (6 Analysts)
Q1 EPS
$1.61
Q1 Net Income
Beat
$608.7 mln
$596.22 mln (4 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 7 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy."

Wall Street's median 12-month price target for Eversource Energy is $74.00, about 7.4% above its May 5 closing price of $68.90

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)