ES Eversource Energy (ES) Q1 FY26 earnings call
A deliberately defensive, transitional year: the FERC transmission ROE cut is the quarter's dominant event, and management is contesting it on every front — appeals, a stay, a rehearing, and a fresh Section 205 refiling on updated data — while reaffirming its long-term growth trajectory off a lowered 2026 base. Underlying regulated earnings still grew, led by gas rate-base gains, and the strategy centers on derisking through storm-cost securitization, the Aquarion exit, and a strengthened balance sheet.
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ES operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Jun 2025 Q2 FY25 | Dec 2025 Q4 FY25 | Change vs prior quarter |
|---|---|---|---|---|
| Employees | 10K+I want to extend my sincere thanks to our dedicated team of over 10,000 employees and our union partners for their unwavering support.Source: earnings call transcript | 10K+This quarter wasn't just about performance, it was about our over 10,000 employees working together every day to keep the lights on and provide superior customer service.Source: earnings call transcript | <11KThis recognition is a reflection on the hard work and dedication of nearly 11,000 Eversource employees who do the right thing every day, and I want to sincerely thank them for that.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.