Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Eversource Energy's Q2 FY2026 period was defined by the financial impact of a FERC order setting a new base ROE and requiring material refunds over a 12-year period, which drove a sharp decline in earnings despite modest revenue growth. Revenue increased 2.3% year-over-year, but operating income fell 18.4% and diluted EPS dropped 85.4% to $0.14, primarily due to the after-tax effect of the refund liability. The natural gas distribution segment was a bright spot, with revenue up 25.1%, partially offsetting weakness. The outcome highlights regulatory risk as a key factor for the utility's financial stability.
Revenue
$2.9B
+2.29% YoY
EPS (Diluted)
$0.14
-85.42% YoY
Operating Income
$540.87M
-18.43% YoY
Source: SEC XBRL
Eversource Energy (ES) reported Q2 FY2026 revenue of $2.9B, up 2.3% year over year. Operating margin was 18.6%, down 4.8 points from 23.4% a year earlier. ES's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 0 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 1.61 | 1.65 | Miss -2.4% |
| Mar 2026 | 1.12 | 1.15 | Miss -2.5% |
| Dec 2025 | 1.12 | 1.15 | Miss -2.5% |
| Sep 2025 | 0.98 | 1.16 | Miss -15.9% |
Adjusted (non-GAAP) EPS of $1.61 versus the $1.65 analyst consensus — a -2.4% miss for Jun 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $0.14.
4 reported segments · SEC XBRL
Segment revenue totals $3.45B; with -$466.2M of reconciling items (corporate, unallocated and eliminations) it ties to the $2.98B of consolidated revenue on the income statement.
Compiled by AI from this SEC filing
Total revenue increased 2.3% to $2.90 billion, with the natural gas distribution segment posting a robust 25.1% increase, offsetting slower growth in electric distribution and transmission.
Source: 10-Q Income Statement (XBRL)
Operating income decreased 18.4% to $541 million, largely attributable to a material charge related to a FERC ROE refund order that spanned a 12-year period.
Source: 10-Q Income Statement (XBRL)
Diluted EPS fell 85.4% to $0.14, as the after-tax effect of the refund liability erased much of the quarter's earnings.
Source: 10-Q Income Statement (XBRL)
Year-to-date operating cash flow rose 15.1% to $2.41 billion, demonstrating solid underlying cash generation capacity.
Source: 10-Q Cash Flow Statement (XBRL)
The current ratio of 0.80 indicates that short-term liabilities exceed current assets, pointing to potential liquidity risks despite a large cash balance.
Source: 10-Q Balance Sheet (XBRL)
Compiled by AI from this SEC filing · 1 high, 3 medium, 1 low
On March 19, 2026, FERC issued an order setting a new base ROE and requiring material refunds with interest for historical periods dating back to October 2014. The order adversely affects our financial position, results of operations, and cash flows, and creates risks regarding our ability to secure acceptable ROEs in future FERC proceedings.
Source: 10-Q Item 1A
Operating income fell 18.4% YoY to $541 million and operating margin contracted from 23.4% to 18.6%, driven by the ROE refund charge, raising concerns about the sustainability of earnings.
Source: 10-Q Income Statement (XBRL)
The current ratio of 0.80 suggests potential short-term liquidity challenges, while long-term debt of $26.6 billion results in a debt-to-equity ratio of 1.63, indicating high financial leverage.
Source: 10-Q Balance Sheet (XBRL)
Diluted EPS plummeted 85.4% to $0.14 due to a one-time charge. Future regulatory decisions could cause similar sharp swings in reported earnings.
Source: 10-Q Income Statement (XBRL)
Financing cash flow turned deeply negative at -$872 million for the year-to-date period, driven by share repurchases or debt repayments, which could pressure future capital allocation.
Source: 10-Q Cash Flow Statement (XBRL)
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 2.90 $B | 2.84 $B | +2.29% |
Operating Income $M | 540.87 $M | 663.05 $M | -18.43% |
EPS (Basic) $ | 0.14 $ | 0.96 $ | -85.42% |
EPS (Diluted) $ | 0.14 $ | 0.96 $ | -85.42% |
Answers draw on this SEC filing and the data on this page
Expected release date, analyst estimates & what to watch
Eversource Energy (ES) delivered solid Q1 FY2026 results with revenue up 9.4% YoY to $4.50B and operating income surging 16.2% to $1.08B, driven by stronger operating margins and significantly improved operating cash flow of $1.32B.
Eversource Energy (ES) delivered strong FY2025 results with revenue growing 13.8% to $13.5B and operating cash flow nearly doubling to $4.1B, while EPS more than doubled to $4.56, though the company carries a current ratio below 1.0 and significant long-term debt of $26.9B.
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