Eversource Energy reported $0.92 in earnings per share in the third quarter, down from $0.99 in the same year-ago period in part reflecting lost earnings from the Aquarion sale.
Eversource raised its dividend 5% to $3.15 per share annualized for 2026, continuing a long streak of robust dividend increases that we think will continue for at least several more years.
Bears
High energy prices in the Northeast can lead regulators to lower the returns Eversource is allowed to earn on its infrastructure investments, potentially depressing Eversource's earnings growth.
Eversource Energy is a diversified holding company with subsidiaries that provide rate-regulated electricity and gas distribution service to more than 4 million customers in the Northeast US. Eversource expanded its service territories with acquisitions of NStar (2012), Aquarion (2017), and Columbia Gas (2020). In 2024 Eversource exited its 50% partnership with European utility Orsted to develop 2 gigawatts of offshore wind projects in the Northeast US. It sold Aquarion in 2026. The company exited most of its unregulated businesses in 2006.