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Eversource Energy’s second-quarter income plunged to $53.7 million from $352.7 million in the year-ago quarter, largely due to several one-time charges, the electric and gas utility company said Friday.
The charges included $111.4 million on Eversource’s Aquarion sale, $62 million for a pending transmission return on equity refund and $164 million for increased liability from Eversource’s investment in the offshore Revolution Wind project.
Eversource’s second-quarter earnings per share fell to 14 cents from 96 cents in the same period last year. The company reaffirmed its expectations that it will earn $4.57/share to $4.72/share in ongoing income this year. The Springfield, Massachusetts-based company also said it continues to expect its earnings per share will grow by 5% to 7% a year through 2030, based on its adjusted 2026 non-GAAP earnings guidance midpoint of $4.65/year.
$700M
