Eversource Energy Q3 2026 Earnings Recap

Eversource’s third-quarter update was mixed, and the stock rose 2.1% after earnings. Management highlighted progress on major projects and regulatory matters, while the transcript also leaves uncertainty around a potential Revolution Wind settlement and the timing of the FERC ROE proceedings.

Key Takeaways

• Revolution Wind has reached commercial operations, reducing the company’s risk of further financial obligations; Eversource expects to settle remaining contractual matters with the buyer in 2027 and says its reserve is adequate.
• Eversource proposed investing $4 billion in Connecticut distribution infrastructure over the next five years, as part of its CL&P rate case, which management says seeks to balance system investment with customer affordability.
• ISO New England selected the Eversource–Avangrid transmission proposal as its final solution. Eversource’s share of the $2.2 billion project is $700 million, above its current capital investment plan.
• Massachusetts’ smart meter rollout has passed 500,000 installations, about one-third of the planned rollout.
• Management said it has line of sight into next steps on the prospective FERC ROE decision and its pending D.C. Circuit appeal, but did not provide a resolution or outcome.