Eversource Energy · ES · FY2026 Q2 · Calendar Q3 2026

Eversource Holds Guidance as Balance Sheet and Projects Advance

The quarter supports a cautiously constructive view of Eversource's regulated-investment plan: earnings met expectations, guidance held, and the Aquarion sale strengthened the balance sheet. The thesis still depends on regulatory resolutions, storm-cost securitization, and disciplined delivery of major projects.

Reported After market closeNYSEUtilities $24.96B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.87 Consensus $0.87
EPS surprise -0.3% Reported versus consensus
Reported revenue $2.90B Consensus $2.99B
Revenue surprise -2.9% Reported versus consensus

Market reaction

event-close to next-session close
Stock move -3.0% Event window
SPY move +0.7% Same window
Abnormal move -3.8% Stock minus SPY
Volume 2.5× Versus trailing sessions
Subsequent drift -1.0% Up to 20 sessions
ESSPY benchmark

Ask FN2 about ES FY2026 Q2

Transcript, numbers and history already loaded
Why did ES fall 3.0% after missing EPS estimates in FY2026 Q2?What changed in ES's guidance and outlook in FY2026 Q2?Give me the bull and bear case for ES after FY2026 Q2 earnings.

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

Transcript intelligence

What changed

Compared with the prior quarter, Eversource completed the Aquarion sale, reported recurring EPS of $0.87, and shifted emphasis toward balance-sheet improvement, Revolution Wind execution, AMI deployment, and the Avangrid transmission proposal. Guidance remained maintained, while FERC and storm-cost issues continued to require resolution.

Guidance delta

Maintained: management reaffirmed long-term EPS growth guidance of 5%-7%.

Key takeaways

  • Q2 recurring EPS of $0.87 met expectations, while long-term EPS growth guidance was reaffirmed.
  • The $1.7 billion Aquarion sale improved debt metrics and supports no equity issuance this year.
  • Revolution Wind and the Avangrid transmission proposal advanced, but regulatory and project risks remain.

Management priorities

  • Bring Revolution Wind to commercial operation in 2026.
  • Advance the joint transmission project with Avangrid and the Connecticut AMI rollout.
  • Execute storm-cost securitization while maintaining the five-year capital plan.

Follow ES with an agent that reads every filing, transcript, and price print. Free to start.

Try FN2 free

Earnings History

Estimate Beat Miss Match
ES EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q1 '24 estimate $1.46 Q1 '24 actual $1.49, beat Q2 '24 estimate $0.96 Q2 '24 actual $0.95, match Q3 '24 estimate $1.08 Q3 '24 actual $-0.33, miss Q2 '25 estimate $0.95 Q2 '25 actual $0.96, match Q3 '25 estimate $1.15 Q3 '25 actual $1.19, beat Q4 '25 estimate $1.10 Q4 '25 actual $1.12, beat Q1 '26 estimate $1.63 Q1 '26 actual $1.73, beat Q2 '26 estimate $0.87 Q2 '26 actual $0.87, match Q3 '26 estimate $1.03 Q4 '26 estimate $1.02 Q1 '27 estimate $1.72
Show 1 more >

Analyst Consensus ?

ConsensusHold27 ratings
Bullish829.6%
Neutral1555.6%
Bearish414.8%

1 unmapped firm rating excluded from the percentages.

Analyst 52W Price Targets

$66.38Previous close
$60Low
$75.35Average
$95High

Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Sep 23, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Mizuho Neutral NeutralMaintainAug 3, 2026
BMO Capital Market Perform Market PerformMaintainJul 22, 2026
Wells Fargo Overweight OverweightMaintainJul 2, 2026
Argus Research Hold BuyDowngradeJun 11, 2026
Scotiabank Sector Underperform Sector UnderperformMaintainApr 21, 2026
Show 23 more rating actions

Named analyst price targets

Upside is calculated against the persisted previous close $66.38. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Mizuho SecuritiesAnthony Crowdell$74$71.59 +11.5%Aug 3, 2026
Wells FargoAnalyst unavailable$76$72.2 +14.5%Jul 2, 2026
Capital One FinancialAnalyst unavailable$73$72.36 +10.0%Jul 1, 2026
Piper SandlerAnalyst unavailable$72$67.05 +8.5%Apr 22, 2026
UBSWilliam Appicelli$74$67.59 +11.5%Mar 27, 2026
See 32 more

Track every rating change on ES the moment it posts. Free to start.

Start free

Company context

Snapshot as of publication

Eversource Energy operates as a public utility holding enterprise, with its core operations centered on the provision and delivery of various energy services. Its business activities are segmented into several key areas: the transmission and distribution of electricity, natural gas distribution, and water utility services. The company is actively engaged in moving electricity, including energy generated from solar facilities, and supplying natural gas to its consumers. Additionally, Eversource manages regulated water systems, serving approximately 226,000 customers. It caters to a wide array of clients, spanning residential homes, businesses, industrial operations, municipal entities (including fire protection), and others across the states of Connecticut, Massachusetts, and New Hampshire. The organization, headquartered in Springfield, Massachusetts, adopted the name Eversource Energy in April 2015, having previously been known as Northeast Utilities.

Historical context

All ES earnings
-2.2%FY2026 Q1 · Calendar Q2 2026

Latest beats and misses

Who reports next

Beat on EPS

Missed on EPS

Get the ES recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Sources

  1. Earnings call transcript and parsed analysis · 2026-07-31T15:07:52.370720+00:00
  2. FN2 earnings calendar · 2026-09-04T01:23:15.205020+00:00
  3. Polygon adjusted daily market bars · 2026-09-23T07:10:53.628504+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-23T07:10:53.626270+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-09-23. For educational purposes only; not investment advice.