07:52 AM EDT, 10/14/2025 (MT Newswires) -- Eversource Energy ( ES ) said Tuesday it expects to take a non-recurring after-tax charge of about $75 million, or $0.20 per share, in Q3 due to an increase in liability related to the sale of the South Fork Wind and Revolution Wind projects to BlackRock's ( BLK ) Global Infrastructure Partners.
The company said it narrowed its non-GAAP earnings guidance range for full year 2025 to between $4.72 and $4.80 per share, compared with the previous range of $4.67 to $4.82 per share. Analysts polled by FactSet expect $4.74.
Eversource said it has increased its liability related to future payments to Global Infrastructure Partners by around $285 million due to revised projections of total construction costs for Revolution Wind.
The company said it also expects to ease the impact of the liability with an anticipated $210 million federal tax benefit associated with the tax losses on the sales of its offshore wind investments.