Eversource boosts offshore wind liability by $285M; sees $75M Q3 charge; narrows 2025 EPS guidance

EVERSOURCE ENERGY

Revises offshore wind contingent liability up ~$285M; net after-tax charge ~$75M ($0.20/sh) in Q3 2025, offset by ~$210M federal tax benefit.
Revised cost projections for Revolution Wind (over 80% complete) from GIP cite vessel damage, insurance, BOEM stop-work order (Aug 22–Sep 22, 2025).
Narrows 2025 non-GAAP recurring EPS guidance to $4.72–$4.80 from $4.67–$4.82; midpoint shifts up.
Liability was $296M at June 30, 2025 (down from $365M at Sep 2024 sale close); now expected to increase by ~$285M.

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