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ES US S&P 500Russell 1000 Earnings call · transcribed from the recording

Eversource Energy (ES) · Q3 2026 results and valuation

Share price: $70.54 · 2026-11-11

Results Q3 2026 vs Q2 2026 · previous quarter · published 4 Nov 2026 and 31 Jul 2026

Management sounded restrained, in its script and in answers to analysts.

Only a basic analysis is available for this company at the moment.

1 · Numbers

—

Figures not yet filed

Guidance raised

2 · How management spoke

Restrained

Less upbeat than 76% of company calls

Answers to analysts: cautious, in line with the script.

Similar to last call.

3 · What stood out

Figure

Eversource Energy is ready to invest $4 billion in Connecticut's distribution infrastructure over the next five years.

Valuation

Is Eversource Energy undervalued?

Reverse DCF on net income from the last full fiscal year (no meaningful free cash flow: a bank, insurer or a year of negative cash flow) (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.

The projected cash flow doesn't cover the debt, so the price is far above the model's fair value.

Current price

$70.54

close of 2026-11-11

Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.

+14.3% for 10 yrs

Fair value / share

$-10.11

Buy below

$-7.58

Price vs fair value

n/a

Price vs buy-below price

n/a

Official channels

The company's own website and social media accounts.

Read between the lines

  1. Guidance ↑

    As Eversource Energy mentioned last quarter, it continues to highlight the increase to its capital forecast thanks to IASO New England's decision to select its project as a result...

  2. Fading

    The recent Moody's change to Eversource Energy's outlook from negative to stable is a testament to its consistent execution and commitment…

    Source quote
    “The recent Moody's change to our outlook from negative to stable is a testament to our consistent execution and commitment... While preserving the financial flexibility needed to support long term growth. We continue to make progress.”

Tone

How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q3 2026. Ring: Q2 2026.

Prepared remarks Restrained (was restrained)
Answers to analysts Cautious (was restrained)

Script and answers carried a similar tone, so the script's message held up under questioning.

Sentences that drove the tone
“Another important element of the CLMP rate case is the opportunity to further increase our investment in Connecticut.”
“Beyond the benefits of this project, the award demonstrates the opportunity for future collaboration with DOE and serves as a blueprint for innovative solutions that can help modernize the grid...”
“For example, we have proposed Performance-Based Rates, or PBR, to support system investments while incorporating strong cost efficiency measures in mitigating the impact of future rate adjustments for customers over...”

Full figures

Q3 2026 figures are not available yet: the company files its quarterly report (10-Q) a few weeks after the call. This page compares what management said; the figures are added when the report is filed.

Topics

Most discussed now

  • New That's first and foremost, so that all the suppliers, the wholesale load serving parties get the appropriate rate reduction and...
  • This project adds essential new supply that enhances grid reliability, meets growing demand, and ensures dependable power when Eversource…
  • As you can see on slide four, Eversource Energy entered the year with a clear set of priorities, and its team...
  • These include the resolution of outstanding regulatory issues, recovery of Eversource Energy's storm costs, and the successful completion…
  • Eversource Energy has annual rate adjustments, so that'll continue.

Faded since Q2 2026

  • Fading Eversource Energy has also delivered on maintaining a strong financial foundation.
  • Fading Including completing the sale of Aquarion, delivering strong operational performance and strengthening the balance sheet.
  • Fading From an earnings perspective, Eversource Energy delivered second quarter recurring earnings per share of $0.87 in line with its…
  • Fading As John had mentioned, only 11% of the deficiency is coming from O&M.

Latest announcements

Official filings, newest first.

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