Eversource shares declined 3% after the quarter as investors appeared to weigh a sizable $164 million after-tax charge tied to the Revolution Wind project cost overruns and a cautious outlook shaped by regulatory and construction risks.
- Reported Q2 recurring EPS of $0.87 met management’s expectations.
- Recognized a $164 million after-tax charge increasing the contingent liability for Revolution Wind due to construction cost increases and two stop work orders.
- Completed the $1.7 billion sale of Aquarion, narrowing focus to core regulated electric and natural gas operations.
- Moody’s outlook improved from negative to stable, reflecting progress on balance sheet strength and financial discipline.
- Ongoing regulatory uncertainties persist, with appeals underway related to the FERC ROE decision and upcoming Connecticut rate review filing.
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