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EVERSOURCE ENERGY (ES)

Earnings summaries and quarterly performance for EVERSOURCE ENERGY.

Research analysts who have asked questions during EVERSOURCE ENERGY earnings calls.

Recent press releases and 8-K filings for ES.

Eversource Energy reports Q3 2025 results
ES
Earnings
Guidance Update
M&A
  • Eversource delivered GAAP EPS of $0.99 in Q3 2025 versus a $0.33 loss in Q3 2024, including a net after-tax $75 million offshore wind charge, and non-GAAP recurring earnings of $1.13 per share.
  • Narrowed 2025 recurring EPS guidance to $4.72–$4.80, raising the midpoint and reaffirming 5–7% longer-term EPS growth off the 2024 base.
  • Advanced regulatory proceedings: filed an alternative resolution for the Connecticut Yankee rate case (seeking ~$104 million in additional revenue) and remain on track to close the Aquarion Water sale by year-end pending a Nov. 19 decision.
  • Executed $3.3 billion of the $4.7 billion 2025 utility capex plan through September; reaffirmed $24.2 billion five-year investment plan and improved Moody’s FFO/debt to 12.7% in Q2 (targeting over 13% in Q3).
Nov 5, 2025, 2:00 PM
Eversource Energy reports Q3 2025 results
ES
Earnings
Guidance Update
New Projects/Investments
  • Eversource reported GAAP EPS of $0.99, including a $0.20 per share after-tax non-recurring charge related to its offshore wind liability.
  • The company filed an alternative resolution in its Yankee Gas rate case seeking $104 million in incremental revenues versus a $55 million draft decision, with a final ruling expected today, and aims to close the Aquarion Water sale by year-end after a Nov. 19 decision.
  • Construction on the Revolution Wind project is substantially complete; the onshore substation is finished and backfeed energization to offshore facilities is anticipated by end-November.
  • On track to invest $4.7 billion in utility infrastructure for 2025 (with $3.3 billion spent YTD) and maintaining a five-year capital plan of $24.2 billion through 2029.
  • Reaffirmed 2025 recurring EPS guidance of $4.72–$4.80 and targets a FFO/debt ratio above 13% by Q3 2025.
Nov 5, 2025, 2:00 PM
Eversource Energy reports Q3 2025 results
ES
Earnings
Debt Issuance
New Projects/Investments
  • Eversource delivered Q3 2025 non-GAAP EPS of $1.19, up $0.06 year-over-year, and GAAP EPS of $0.99 versus $(0.33) in Q3 2024.
  • By segment, Q3 2025 EPS contributions were $0.50 from Electric Transmission, $0.60 from Electric Distribution, $(0.05) from Natural Gas Distribution, and $0.05 from Water Distribution.
  • The company reaffirmed a $24.2 billion 2025–2029 capital investment plan focused on regulated Transmission and Distribution, with 60% allocated to Massachusetts distribution.
  • Balance sheet initiatives include improved FFO-to-Debt metrics, a $1.2 billion ATM equity program, and a $600 million DRSPP through 2029 to fund growth.
  • Regulatory progress: Connecticut decisions on the Yankee Gas rate case (Nov 5, 2025) and Aquarion sale (Nov 19, 2025) are expected soon; Massachusetts rate increases of $77 million (Nov 2024) and $62 million (Nov 2025) have been approved.
Nov 5, 2025, 2:00 PM
Eversource Energy reports Q3 2025 earnings and strategic updates
ES
Earnings
Guidance Update
New Projects/Investments
  • Q3 GAAP EPS of $0.99, including a $0.20 per-share net charge for offshore wind liability; earnings reflect continued transmission and distribution rate increases.
  • Reaffirmed 2025 recurring EPS guidance narrowed to $4.72–$4.80 and maintained long-term EPS growth target of 5–7%.
  • Five-year capital plan of $24.2 billion through 2029; $3.3 billion invested through September against a $4.7 billion YTD target and on track for ~$5 billion of total 2025 investments.
  • Revolution Wind offshore project is substantially complete: onshore substation built, backfeed energization expected by end-November to begin testing and commissioning.
  • Pending regulatory outcomes include today’s expected PURA decision on the Yankee rate case and a final PURA decision on the Aquarion Water sale by November 19, with closing targeted by year-end.
Nov 5, 2025, 2:00 PM
Eversource Energy reports Q3 2025 results
ES
Earnings
Guidance Update
  • Eversource reported GAAP EPS of $0.99 in Q3 2025 vs a loss of $(0.33) in Q3 2024; non-GAAP recurring EPS was $1.19, up from $1.13.
  • For the first nine months, GAAP EPS was $3.44 vs $2.08 year-ago; non-GAAP recurring EPS rose to $3.64 from $3.56.
  • Electricity transmission segment earned $185.5 million and distribution segment $221.6 million in Q3, driven by system investments and rate increases.
  • Full-year 2025 non-GAAP recurring EPS guidance narrowed to $4.72–$4.80, and 5–7% EPS CAGR reaffirmed from a 2024 base of $4.57.
Nov 4, 2025, 9:15 PM
Eversource Energy issues $600 million 4.45% senior notes due 2030
ES
Debt Issuance
  • On October 17, 2025, Eversource Energy issued $600 million aggregate principal amount of its 4.45% Senior Notes, Series HH, due December 15, 2030, under an underwriting agreement dated October 15, 2025.
  • The notes are unsecured obligations issued under a Twenty-Third Supplemental Indenture dated October 1, 2025, and pay interest semi-annually on June 15 and December 15.
  • The offering was led by BofA Securities, J.P. Morgan, Morgan Stanley, PNC Capital Markets, RBC Capital Markets and U.S. Bancorp Investments, with co-managers including Samuel A. Ramirez and Siebert Williams Shank.
  • The notes were priced at 99.171% of par, settled on a T+2 basis on October 17, 2025, and include a make-whole call provision prior to November 15, 2030, and redemption at par thereafter.
Oct 17, 2025, 8:15 PM
Eversource Energy updates offshore wind liability
ES
Guidance Update
New Projects/Investments
  • Eversource Energy expects a $75 million after-tax non-recurring charge (≈$0.20/share) in Q3 2025 due to revised cost projections for Revolution Wind.
  • The contingent liability for post-closing adjustments increased by $285 million, partially offset by an expected $210 million federal tax benefit.
  • Full-year non-GAAP recurring EPS guidance narrowed to $4.72–$4.80 per share from $4.67–$4.82.
  • Original contingent liability of $365 million at closing was reduced to $296 million as of June 30, 2025, with further reviews as Revolution Wind nears completion.
Oct 14, 2025, 10:48 AM
Eversource Energy updates offshore wind liability and EPS guidance
ES
Guidance Update
New Projects/Investments
  • Eversource increased its liability to Global Infrastructure Partners by $285 million, leading to an anticipated aggregate after-tax non-recurring charge of $75 million (or $0.20 per share) to be recorded in Q3 2025.
  • At closing of the Offshore Wind Projects sale, Eversource recorded a $365 million liability, which was reduced to $296 million as of June 30, 2025, mainly to complete construction of Revolution Wind (over 80% finished).
  • The company expects a $210 million federal tax benefit to mitigate earnings impacts and has narrowed its full-year 2025 non-GAAP recurring EPS guidance to $4.72–$4.80 per share, from $4.67–$4.82.
  • The $285 million increase reflects revised cost projections for Revolution Wind, including higher insurance costs, tariff impacts, vessel damage and a BOEM stop-work order from August to September 2025.
Oct 14, 2025, 10:45 AM
Eversource Energy reports Q2 2025 results
ES
Earnings
Guidance Update
New Projects/Investments
  • Eversource posted Q2 GAAP and recurring EPS of $0.96, flat year-over-year, driven by higher transmission, distribution and gas earnings offset by increased parent interest expense.
  • The company reaffirmed its 2025 EPS guidance of $4.67–4.82 and its long-term EPS growth target of 5–7% through 2029.
  • Connecticut’s SB4 energy reform was signed into law, enabling securitization of 2018–2025 storm costs and regulatory enhancements; New Hampshire’s PSNH rate case granted a $100 M permanent increase at a 9.5% ROE, with Aquarion’s divestiture on track to close by year-end.
  • Eversource upheld its five-year utility infrastructure capex plan of $24.2 B (10% increase), with $2.2 B executed through June and further $1.5–2 B investment opportunities identified.
Aug 1, 2025, 6:41 PM
Eversource Energy Initiates Equity Distribution Agreement
ES
  • Eversource Energy has entered into an equity distribution agreement with several major managers, enabling the sale of its common shares with an aggregate offering price of up to $1,200,000,000, with a par value of $5.00 per share.
  • The offering is supported by the company’s effective registration statement on Form S-3 and a corresponding prospectus supplement, providing a framework for the sale of shares during the term of the agreement as detailed on May 30, 2025.
May 30, 2025, 12:00 AM