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Eversource Energy
S&P 500
🏹 Trader: 🎯 Near 52W High View all →
$26.0B
Market Cap
14.8
P/E
2.57
PEG
6.1%
ROCE
10.8%
ROE
1.75
D/E
22.1%
OPM
-5.5%
% from 52W High
58
α RS
🔍 ES is showing a high-conviction setup because it matches 3 of 37 tracked screener presets, Sector RRG has Utilities in the Improving quadrant with the trail still strengthening, and an ECS of 75.9 last quarter. Net: Broad signal stack, not a recommendation. ? Conviction RRG ECS
Sources
Conviction 3/37 · Utilities in Improving quadrant · ECS 75.9
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Currency-adjusted total returns for ES including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Eversource Energy, a public utility holding company, engages in the energy delivery business.

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📈 Growth Pattern
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⭐ Superinvestors Holding ES
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 29.2K $2.0M 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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In-line quarter Investor Presentation One-Pager? Q2 2026
Recurring EPS
$0.87
-9.4% YoY
GAAP Net Income
$53.7M
-84.8% YoY
Recurring Net Income
$329.1M
-6.7% YoY
What Went Right
  • Closed Aquarion sale on June 30, generating $1.7B net proceeds and strengthening the balance sheet.
  • Reaffirmed 2026 non-GAAP EPS guidance of $4.57–$4.72 and long-term 5–7% growth through 2030, with growth expected toward the upper half by 2028.
  • ISO-NE preliminarily selected the Eversource/Avangrid transmission proposal; Eversource share is about $700M of the $2.2B project.
  • Moody's changed Eversource and NSTAR Electric outlooks from negative to stable.
What to Watch
  • Recorded a $164M after-tax charge to raise the offshore wind contingent liability after two stop work orders drove higher cost projections.
  • FERC's 9.57% base ROE decision is still being challenged; refund exposure and the prospective ROE outcome remain unresolved ahead of a November 30 decision.
  • PURA denied recovery of Connecticut storm carrying charges and deferred about $60M of storm costs pending audit, with options under review.
Management Guidance
  • 2026 non-GAAP EPS guidance reaffirmed at $4.57–$4.72 per share; base year for long-term growth is the 2026 adjusted mid-point of $4.65.
  • No equity issuance expected for the remainder of 2026; five-year equity needs remain $800M–$1.1B.
  • FERC prospective ROE expected effective November 30, 2026; Connecticut storm securitization cash expected in approximately one year.
Investor Lens
The thesis is modestly stronger after this call: Eversource completed its pure-play pivot with the $1.7B Aquarion sale, won a competitive transmission award, and kept guidance intact. Balance-sheet metrics are solid and Moody's moved to a stable outlook, but FERC ROE litigation and PURA's denial of storm carrying charges remain overhangs. Recurring EPS of $0.87 matched expectations, keeping the path toward upper-half 5–7% EPS growth by 2028 credible.
From investor presentation · AI-generated analysis · Not investment advice
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📊 MIXED Q2 recurring EPS $0.87 matches plan; Aquarion sale and transmission win bolster outlook
Revenue
Not discussed.
Profitability
GAAP net income was $53.7M, or $0.14 per share, down from $352.7M, or $0.96 per share, in Q2 2025 after $275.4M of after-tax charges. On a recurring basis, EPS was $0.87 versus $0.96, with lower Transmission and Gas Distribution earnings partially offset by higher Electric Distribution earnings.
Margins
Not discussed.
Balance Sheet
Closed Aquarion sale with $1.7B net proceeds, which will be used to displace parent debt; no equity issuance is planned for the rest of 2026. FFO-to-debt was 14.3% at S&P and 15.7% at Moody's as of March 31, 2026, each more than 100 basis points above downgrade thresholds.
Key Risks
FERC's reduced 9.57% transmission ROE and potential refunds remain under appeal; the Revolution Wind contingent liability was increased by $164M this quarter; and PURA denied storm carrying costs while deferring $60M of storm recovery.
Outlook
Management reaffirmed 2026 non-GAAP EPS guidance of $4.57–$4.72 and long-term 5–7% EPS growth through 2030, expecting upper-half growth by 2028. It also expects the FERC prospective ROE to take effect November 30 and storm securitization cash proceeds in roughly one year.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-31
Recurring Q2 EPS was $0.87, with GAAP EPS impacted by one-time charges. The company completed the Aquarion sale, strengthened its balance sheet, and advanced major projects, while reaffirming long-term EPS growth guidance and a $26.5B capital plan.
Q1 2026 Q1 2026 2026-05-07
Q1 2026 saw strong operational and financial performance, with EPS growth driven by gas and transmission segments. Regulatory headwinds from the FERC ROE decision led to revised guidance, but long-term growth targets and capital plans remain intact.
Q4 2025 Q4 2025 2026-02-13
Delivered strong 2025 results with non-GAAP EPS of $4.76 and a 5.2% dividend increase, driven by infrastructure investments and regulatory progress. 2026 EPS guidance is $4.80–$4.95, with long-term growth targeted at 5%-7% and key regulatory decisions ahead.
Q3 2025 Q3 2025 2025-11-05
Strong Q3 results driven by regulatory progress, infrastructure investment, and robust load growth. Non-GAAP EPS rose year-over-year, with improved credit metrics and a narrowed 2025 EPS guidance. Capital plan execution and liquidity remain on track.
Q2 2025 Q2 2025 2025-08-01
Q2 2025 delivered solid earnings growth, with EPS of $0.96 and strong performance across all utility segments. The company reaffirmed its 2025 EPS guidance and five-year capital plan, while regulatory and storm cost recovery developments in Connecticut remain key watch points.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Information Sources:
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