Eversource Energy (ES) Q3 GAAP EPS $0.92 vs $0.93 est.

Eversource Energy reported third-quarter 2026 GAAP earnings of $346.0 million, or $0.92 per share, missing the $0.93 consensus estimate and down from GAAP earnings of $367.5 million, or $0.99 per share, a year earlier, when non-GAAP recurring earnings were $1.19 per share. For the first nine months of 2026, GAAP earnings fell to $1.01 billion, or $2.67 per share, from $1.27 billion, or $3.44 per share, in the prior-year period, while non-GAAP recurring earnings totaled $1.33 billion, or $3.52 per share, versus $3.64 per share. The year-to-date GAAP results absorbed a $111.4 million after-tax charge tied to the June 30, 2026 sale of Aquarion Water, a $164.0 million after-tax charge from higher expected payments on the offshore wind divestiture, and a $43.9 million after-tax charge for estimated refunds after FERC cut the New England transmission owners' return on equity to 9.57% from 10.57%. CEO Joe Nolan highlighted a constructive PURA decision on previously deferred storm costs that clears a path to securitization benefiting Connecticut customers. Investors will watch how the securitization and FERC ROE refunds affect cash flow and rate base, and whether Eversource can close the gap to its full-year recurring earnings trajectory after the nine-month decline.