Eversource reports Q1 non-GAAP EPS $1.73, consensus $1.63

Reports Q1 revenue $4.5B, consensus $4.33B. “Eversource (ES) Energy’s first quarter performance was highlighted by our team’s strong response to a historic Nor’easter that brought blizzard conditions, record snowfall, and a significant number of power outages to our service area,” said Joe Nolan, CEO. “Also, in the quarter, we were very disappointed with FERC’s arbitrary and flawed ROE reduction, especially at a time when New England needs significant transmission investments to bring incremental generation in the region that would lower costs for customers. Eversource will continue to vigorously pursue all actions against punitive decisions imposed by our regulators that jeopardize our ability to complete this critical work for customers.”