Eversource raises offshore wind liability by $285 million, takes $75 million after-tax charge
Eversource said it increased its liability for expected future payments to Global Infrastructure Partners tied to the 2024 sale of the South Fork Wind and Revolution Wind projects by about $285 million. After a roughly $210 million federal tax benefit, the net after-tax charge is about $75 million, or $0.20 per share, to be recorded in the third quarter of 2025, while the company narrowed its 2025 non-GAAP recurring EPS guidance to $4.72 to $4.80 from $4.67 to $4.82.
Key points
- Liability increase of about $285 million tied to revised Revolution Wind construction cost projections
- Net after-tax non-recurring charge of about $75 million, or $0.20 per share, expected in Q3 2025
- 2025 non-GAAP recurring EPS guidance narrowed to $4.72 to $4.80 from $4.67 to $4.82, with a higher mid-point
- Revolution Wind is over 80 percent complete and expected to finish construction in the second half of 2026
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 14, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.