Eversource Energy Q1 Revenue $4.5B Beats Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy ES?
Reports Q1 revenue $4.5B, consensus $4.33B. "Eversource Energy's first quarter performance was highlighted by our team's strong response to a historic Nor'easter that brought blizzard conditions, record snowfall, and a significant number of power outages to our service area," said Joe Nolan, CEO. "Also, in the quarter, we were very disappointed with FERC's arbitrary and flawed ROE reduction, especially at a time when New England needs significant transmission investments to bring incremental generation in the region that would lower costs for customers. Eversource will continue to vigorously pursue all actions against punitive decisions imposed by our regulators that jeopardize our ability to complete this critical work for customers."
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Analyst Views on ES
Wall Street analysts forecast ES stock price to rise
12 Analyst Rating
3 Buy
6 Hold
3 Sell
Hold
Current: 67.040
Low
60.00
Averages
71.91
High
80.00
Current: 67.040
Low
60.00
Averages
71.91
High
80.00
About ES
Eversource Energy is a utility holding company, which is engaged in the energy delivery business through its utility subsidiaries. Its segments include Electric Distribution, Electric Transmission, Natural Gas Distribution and Water Distribution. The Electric Distribution segment is engaged in the distribution of electricity to retail customers in Connecticut, Massachusetts and New Hampshire, respectively, and the solar power facilities of NSTAR Electric Company. The Electric Transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. The Natural Gas Distribution distributes natural gas to his customers in central and eastern Massachusetts. The Water Distribution segment provides water services to over 248,000 residential, commercial, industrial, municipal and fire protection and other customers, in 73 towns and cities in Connecticut, Massachusetts and New Hampshire.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Eversource Energy Reports Strong Q1 Earnings Beat
- Earnings Beat: Eversource Energy reported Q1 2026 non-GAAP EPS of $1.73, exceeding the $1.63 consensus estimate, with revenue of $4.5 billion surpassing expectations of $4.33 billion, demonstrating the company's resilience in challenging conditions.
- Extreme Weather Response: CEO Joe Nolan highlighted that the first-quarter performance was significantly impacted by a historic Nor’easter that caused widespread power outages, underscoring the company's critical role in responding to extreme weather events and its commitment to customer service.
- Regulatory Challenges: Nolan criticized FERC's recent decision to lower the return on equity, calling it arbitrary and flawed, especially when New England requires substantial transmission investments, which could impair the company's ability to complete essential transmission projects.
- Analyst Rating Changes: BofA raised its price target on Eversource from $72 to $75 while maintaining a Buy rating, citing meaningful earnings optionality, whereas Wells Fargo lowered its target to $74, indicating that FERC's decision could pressure the company's long-term growth trajectory.
See More
Eversource Energy Q1 2026 Earnings Call Insights
- Strong Operational Performance: Eversource Energy reported a GAAP EPS of $1.61 for Q1 2026, up from $1.50 in Q1 2025, despite a $43.9 million after-tax charge, demonstrating resilience amid regulatory challenges.
- Infrastructure Investment Returns: The company restored power to over 500,000 customers while responding to more than 2,000 safety events, indicating that ongoing infrastructure investments are enhancing operational efficiency and customer satisfaction, despite the challenges posed by FERC's adjustments to the base ROE.
- 2026 Earnings Guidance Adjustment: Following FERC's reduction of the transmission base ROE to 9.57%, Eversource revised its 2026 non-GAAP EPS guidance to a range of $4.57 to $4.72, reflecting the direct impact of the regulatory environment on the company's financial outlook.
- Long-Term Growth Target Reaffirmation: Management reaffirmed a long-term earnings growth rate of 5% to 7% based on the midpoint of the revised 2026 guidance, maintaining confidence in future capital investments and earnings growth despite prevailing uncertainties.
See More
Eversource Energy Declares Quarterly Dividend of $0.7875
- Quarterly Dividend Announcement: Eversource Energy declares a quarterly dividend of $0.7875 per share, consistent with previous distributions, indicating the company's stable cash flow and shareholder return strategy.
- Dividend Yield: The forward yield of 4.6% attracts investors seeking stable income amid rising market uncertainty, highlighting the company's appeal in a volatile environment.
- Financial Performance Beats Expectations: Eversource Energy reports GAAP EPS of $1.61, exceeding expectations by $0.05, with revenue of $4.5 billion surpassing forecasts by $170 million, reflecting strong performance in a competitive utility market.
- Market Environment Impact: As market uncertainty increases, the high dividend yields offered by utility companies position Eversource Energy as a focal point for investors, further solidifying its standing in the industry.
See More
Eversource Energy Reports Increased Q1 Profit
- Profit Growth: Eversource Energy reported a first-quarter profit of $606.84 million, translating to earnings per share of $1.61, which is a notable increase from last year's $550.78 million and $1.50 per share, indicating enhanced profitability.
- Revenue Increase: The company's revenue rose by 9.5% to $4.50 billion compared to $4.11 billion last year, reflecting strong market performance and increased customer demand.
- Financial Health: Eversource's profitability and revenue growth underscore its robust position in the energy sector, potentially attracting more investor interest and bolstering market confidence.
- Future Outlook: With ongoing revenue and profit growth, the company is well-positioned to expand its market share and enhance shareholder value, particularly in the context of rising energy demand.
See More
Eversource Energy Schedules Q1 2026 Earnings Call
- Earnings Call Scheduled: Eversource Energy will host an earnings conference call on May 7, 2026, at 9 a.m. Eastern Time to discuss its Q1 2026 financial performance and business updates, likely attracting numerous analysts and investors.
- Financial Results Release: The company will release its Q1 financial results on May 6, 2026, after market close, allowing investors to access the live webcast and recording via Eversource's Investors page, ensuring transparency and timely information dissemination.
- Customer Base and Services: Eversource serves approximately 4.6 million customers in Connecticut, Massachusetts, and New Hampshire, showcasing its leadership position in the U.S. utility sector by providing electricity, natural gas, and water services.
- Commitment to Clean Energy: As the nation's top energy efficiency provider, Eversource is committed to empowering a clean energy future in the Northeast, implementing innovative projects including geothermal, solar, offshore wind, and electric vehicles to enhance renewable energy integration.
See More
BMO Lowers Target Price for Eversource Energy to $75 from $79
- Price Adjustment: EverSource Energy has reduced its target price from $79 to $75.
- Market Impact: This change may influence investor sentiment and market dynamics related to EverSource Energy's stock.
See More
Eversource Energy Reports Strong Q1 Earnings Beat
- Earnings Beat: Eversource Energy reported Q1 2026 non-GAAP EPS of $1.73, exceeding the $1.63 consensus estimate, with revenue of $4.5 billion surpassing expectations of $4.33 billion, demonstrating the company's resilience in challenging conditions.
- Extreme Weather Response: CEO Joe Nolan highlighted that the first-quarter performance was significantly impacted by a historic Nor’easter that caused widespread power outages, underscoring the company's critical role in responding to extreme weather events and its commitment to customer service.
- Regulatory Challenges: Nolan criticized FERC's recent decision to lower the return on equity, calling it arbitrary and flawed, especially when New England requires substantial transmission investments, which could impair the company's ability to complete essential transmission projects.
- Analyst Rating Changes: BofA raised its price target on Eversource from $72 to $75 while maintaining a Buy rating, citing meaningful earnings optionality, whereas Wells Fargo lowered its target to $74, indicating that FERC's decision could pressure the company's long-term growth trajectory.
See More
Eversource Energy Q1 2026 Earnings Call Insights
- Strong Operational Performance: Eversource Energy reported a GAAP EPS of $1.61 for Q1 2026, up from $1.50 in Q1 2025, despite a $43.9 million after-tax charge, demonstrating resilience amid regulatory challenges.
- Infrastructure Investment Returns: The company restored power to over 500,000 customers while responding to more than 2,000 safety events, indicating that ongoing infrastructure investments are enhancing operational efficiency and customer satisfaction, despite the challenges posed by FERC's adjustments to the base ROE.
- 2026 Earnings Guidance Adjustment: Following FERC's reduction of the transmission base ROE to 9.57%, Eversource revised its 2026 non-GAAP EPS guidance to a range of $4.57 to $4.72, reflecting the direct impact of the regulatory environment on the company's financial outlook.
- Long-Term Growth Target Reaffirmation: Management reaffirmed a long-term earnings growth rate of 5% to 7% based on the midpoint of the revised 2026 guidance, maintaining confidence in future capital investments and earnings growth despite prevailing uncertainties.
See More
Eversource Energy Declares Quarterly Dividend of $0.7875
- Quarterly Dividend Announcement: Eversource Energy declares a quarterly dividend of $0.7875 per share, consistent with previous distributions, indicating the company's stable cash flow and shareholder return strategy.
- Dividend Yield: The forward yield of 4.6% attracts investors seeking stable income amid rising market uncertainty, highlighting the company's appeal in a volatile environment.
- Financial Performance Beats Expectations: Eversource Energy reports GAAP EPS of $1.61, exceeding expectations by $0.05, with revenue of $4.5 billion surpassing forecasts by $170 million, reflecting strong performance in a competitive utility market.
- Market Environment Impact: As market uncertainty increases, the high dividend yields offered by utility companies position Eversource Energy as a focal point for investors, further solidifying its standing in the industry.
See More
Eversource Energy Reports Increased Q1 Profit
- Profit Growth: Eversource Energy reported a first-quarter profit of $606.84 million, translating to earnings per share of $1.61, which is a notable increase from last year's $550.78 million and $1.50 per share, indicating enhanced profitability.
- Revenue Increase: The company's revenue rose by 9.5% to $4.50 billion compared to $4.11 billion last year, reflecting strong market performance and increased customer demand.
- Financial Health: Eversource's profitability and revenue growth underscore its robust position in the energy sector, potentially attracting more investor interest and bolstering market confidence.
- Future Outlook: With ongoing revenue and profit growth, the company is well-positioned to expand its market share and enhance shareholder value, particularly in the context of rising energy demand.
See More
Eversource Energy Schedules Q1 2026 Earnings Call
- Earnings Call Scheduled: Eversource Energy will host an earnings conference call on May 7, 2026, at 9 a.m. Eastern Time to discuss its Q1 2026 financial performance and business updates, likely attracting numerous analysts and investors.
- Financial Results Release: The company will release its Q1 financial results on May 6, 2026, after market close, allowing investors to access the live webcast and recording via Eversource's Investors page, ensuring transparency and timely information dissemination.
- Customer Base and Services: Eversource serves approximately 4.6 million customers in Connecticut, Massachusetts, and New Hampshire, showcasing its leadership position in the U.S. utility sector by providing electricity, natural gas, and water services.
- Commitment to Clean Energy: As the nation's top energy efficiency provider, Eversource is committed to empowering a clean energy future in the Northeast, implementing innovative projects including geothermal, solar, offshore wind, and electric vehicles to enhance renewable energy integration.
See More
BMO Lowers Target Price for Eversource Energy to $75 from $79
- Price Adjustment: EverSource Energy has reduced its target price from $79 to $75.
- Market Impact: This change may influence investor sentiment and market dynamics related to EverSource Energy's stock.
See More
