Eversource keeps 2026 EPS range, targets 5%-7% growth

Eversource (ES) told investors on July 31, 2026 that it continues to expect 2026 earnings per share of $4.57–$4.72, while also setting out a path to deliver 5%–7% EPS growth in the years ahead. Company officials tied the longer-term target to operating stability and capital discipline, and pointed to a major regional grid development that could support future regulated investment.

Officials highlighted ISO New England’s tentative selection of a $2.2 billion transmission upgrade. They said the designation is preliminary and, if it advances through final regulatory steps, could support long-term rate-base expansion.

ISO New England’s tentative $2.2B transmission selection

Eversource said the transmission choice does not change its immediate earnings outlook. Officials stressed that the project’s contribution to results depends on completing permitting, securing final approvals, and confirming cost recovery.

Officials described the selection as a potential underpinning for multi-year growth, while noting that regulatory reviews still need to be cleared. Market participants, they said, are likely to focus on the timing of milestones and the specifics of regulatory outcomes as the process advances.

How the company frames the 5%–7% EPS growth plan Officials said the 5%–7% EPS growth objective is built on steady retail demand, disciplined capital spending, and approved transmission returns. The company also said proceeds from the Aquarion sale are expected to support capital allocation as it positions its investment program.

Alongside the longer-term plan, the company reiterated that the 2026 EPS range remains $4.57–$4.72, according to the figures presented. Eversource cautioned that near-term performance could be affected by weather-driven outage costs and pending regulatory decisions.

Risks officials flagged: storms and FERC exposure Eversource reminded investors about storm-related risks that can raise outage and restoration costs, which officials said could weigh on near-term results. The company also noted potential Federal Energy Regulatory Commission (FERC) risks, indicating that regulatory developments could influence outcomes.

Officials said investors will continue to watch for regulatory milestones and operational updates through the rest of 2026. They added that progress is expected by December 31, 2026, as the company and stakeholders track approvals, permitting, and other steps needed to translate the tentative selection into recoverable investment.