Eversource Q1 GAAP EPS $1.61, non-GAAP $1.73; cuts 2026 guidance to $4.57-$4.72 on FERC ROE order

NSTAR ELECTRIC CO

Q1 operating revenue $4.50B vs $4.12B YoY; net income $606.8M vs $550.8M.
Non-GAAP recurring EPS $1.73, excluding $0.12/share FERC ROE refund charge ($43.9M).
Electric transmission (ex-FERC) earnings $224.3M (+$24.9M); gas distribution $295.3M (+$76.9M).
2026 non-GAAP guidance cut to $4.57-$4.72 from $4.80-$4.95; long-term 5-7% EPS growth reaffirmed.
Board declared $0.7875/share dividend, payable June 30; FY 2025 compensation approved at annual meeting.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NSTAR ELECTRIC CO reported first quarter of 2026 results: net income $606.8 million, EPS $1.61 per share. Guidance reaffirmed.

Period: first quarter of 2026
Net income: $606.8 million
EPS: $1.61 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Eversource Energy (NYSE: ES) today reported GAAP earnings of $606.8 million, or $1.61 per share, for the first quarter of 2026

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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

NSTAR ELECTRIC CO shareholders approved Election of Trustees. at the 2026-05-06 meeting.

Proposal: director election
Outcome: passed
Meeting: 2026-05-06

Exact text from the filing

(1) Election of Trustees. The shareholders elected each of the nine nominees to the Board of Trustees for a one-year term by a majority of the outstanding common shares: Trustee For Against Abstained Broker Non-Votes Cotton M. Cleveland 288,379,920 13,015,989 1,922,998 29,814,067 Linda Dorcena Forry 297,801,691 4,780,400 735,309 29,814,067 Gregory M. Jones 298,273,474 4,210,896 834,536 29,814,067 Lorretta D. Keane 298,975,666 3,655,331 687,910 29,814,067 John Y. Kim 299,339,833 3,211,321 766,246 29,814,067 David H. Long 277,515,102 24,963,415 840,389 29,814,067 Warren Robert Mudge 300,619,926 1,911,154 787,826 29,814,067 Joseph R. Nolan, Jr. 286,643,983 16,066,043 607,374 29,814,067 Daniel J. Nova 287,561,301 14,914,469 843,137 29,814,067 Frederica M. Williams 289,149,826 13,454,215 714,865 29,814,067

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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

NSTAR ELECTRIC CO shareholders rejected The shareholders did not approve a shareholder proposal titled “Independent Board Chairman.” at the 2026-05-06 meeting.

Outcome: failed
Meeting: 2026-05-06

Exact text from the filing

(4) The shareholders did not approve a shareholder proposal titled “Independent Board Chairman.” For Against Abstained Broker Non-Votes 79,513,775 220,265,710 3,538,154 29,814,067

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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

NSTAR ELECTRIC CO shareholders approved The shareholders ratified the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2026 at the 2026-05-06 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2026-05-06

Exact text from the filing

(3) The shareholders ratified the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2026: For Against Abstained Broker Non-Votes 303,523,260 28,741,743 867,970 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 1.0

NSTAR ELECTRIC CO shareholders approved The shareholders approved, on an advisory basis, the compensation of the Company’s 2025 Named Executive Officers at the 2026-05-06 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2026-05-06

Exact text from the filing

(2) The shareholders approved, on an advisory basis, the compensation of the Company’s 2025 Named Executive Officers: For Against Abstained Broker Non-Votes 274,093,305 27,611,480 1,613,229 29,814,067

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Source: SEC EDGAR

accession 0001104659-26-056267

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