Eversource Set to Report Q2 as $26.5 Billion Capex Plan Fuels Breakout Hopes
Updated
Updated · CNBC · Jul 30
Eversource Set to Report Q2 as $26.5 Billion Capex Plan Fuels Breakout Hopes
3 articles · Updated · CNBC · Jul 30
Summary
$3 billion in Q2 revenue and $0.90 in EPS are the key Wall Street targets for Eversource’s earnings report due after Thursday’s close, with investors watching for any guidance change.
The setup has improved after Eversource exited offshore wind, lifted GAAP EPS to $4.56 in 2025, and closed the June 30 sale of Aquarion to become a pure-play regulated electric and gas utility.
$26.5 billion of planned investment from 2026 to 2030 underpins the growth case, as New England power demand rises and management targets 5% to 7% EPS growth through 2030.
A cut in allowed transmission return on equity to 9.57% already forced a lower 2026 EPS outlook of $4.57 to $4.72, but Eversource still beat Q1 estimates with $1.73 in non-GAAP EPS.
Shares have climbed 11.2% in three months and recently broke above $71, with technical resistance near $75 as earnings could determine whether the move extends.