Eversource Energy (ES) investor relations material

Executive summary

• Q3 net income and GAAP/non-GAAP EPS were $346.0M and $0.92/share, versus $367.5M and $0.99/share a year earlier; Q3 2026 had no non-GAAP adjustments.

• Revolution Wind construction was complete and commercial operations began; post-closing purchase-price reconciliation with the buyer is expected in 2027.

• Aquarion’s sale and other asset dispositions support a lower-risk electric and gas utility profile.

• Priorities include customer affordability, grid reliability and resilience, and electric and gas utility infrastructure investment.

Financial highlights

• Q3 non-GAAP EPS was $0.92 versus $1.19 in Q3 2025; 9M recurring EPS was $3.52 versus $3.64, while 9M reported EPS was $2.67 versus $3.44.

• 9M reported EPS included $0.85/share of Aquarion sale, offshore wind liability and FERC ROE charges; after-tax charges were $111.4M, $164.0M and $43.9M, respectively.

• Q3 operating revenue was $2.98B versus $3.22B year over year; 9M operating revenue rose to $10.39B from $10.18B.

• FERC’s 9.57% transmission ROE, $40.8M of CL&P storm costs disallowed by PURA, the Aquarion sale and a higher effective tax rate weighed on EPS; rate increases and capital trackers partly offset declines.

Outlook and guidance

• 2026 non-GAAP recurring EPS guidance narrowed to $4.62–$4.70, with a $4.66 midpoint; the prior range was $4.52–$4.72.

• Long-term EPS growth guidance remains 5%–7% through 2030 from the 2026 midpoint; annual growth is expected toward the upper half of the range by 2028.

• 2028 growth drivers include a full year of CL&P rate relief, storm-cost securitization, inflation-indexed PBR adjustments and the full EGMA rate-base contribution.

• The $26.5B 2026–2030 infrastructure plan is up $2.3B from the prior five-year forecast; a comprehensive plan update is expected with Q4 results.