EVERSOURCE ENERGY — Form 8-K
Filed July 30, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 48/100
What the filing says
Eversource reported Q2 2026 GAAP EPS of $0.14 vs. $0.96 in Q2 2025, driven by three major charges: $111.4M after-tax loss on Aquarion Water sale (completed June 30, 2026); $164.0M after-tax charge for increased offshore wind contingent liability to Global Infrastructure Partners; and Q1 $43.9M refund charge from FERC's March 2026 decision reducing transmission ROE from 10.57% to 9.57%. Non-GAAP recurring EPS was $0.87 (in line with revised guidance). Company reaffirmed 2026 guidance of $4.57–$4.72 non-GAAP EPS and 5–7% long-term growth through 2030. Preliminarily selected by ISO-NE for $2.2B transmission project (in-service by end-2032); filed $451M Connecticut rate case in July 2026; capital plan raised to $26.5B (2026–2030) from prior $24.2B.
Why this rating
Multiple material headwinds (FERC ROE cut, $275M in charges, higher interest costs) offset by strategic wins (Aquarion sale proceeds, transmission RFP selection, rate filings). Significant relative to company but not trajectory-altering; regulatory uncertainty and lower ROE reduce future earnings power but capital investment and rate case progression provide medium-term upside.
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