Earnings summaries and quarterly performance for EVERSOURCE ENERGY.
Executive leadership at EVERSOURCE ENERGY.
Joseph R. Nolan, Jr.
Chief Executive Officer
Gregory B. Butler
Executive Vice President and General Counsel
James W. Hunt, III
Executive Vice President and Secretary
John M. Moreira
Executive Vice President, Chief Financial Officer and Treasurer
Paul W. Chodak III
Executive Vice President and Chief Operating Officer
Susan Sgroi
Executive Vice President, Human Resources and Information Technology
Board of directors at EVERSOURCE ENERGY.
Research analysts who have asked questions during EVERSOURCE ENERGY earnings calls.
Carly Davenport
Goldman Sachs
9 questions for ES
Andrew Weisel
Scotiabank
7 questions for ES
Paul Patterson
Glenrock Associates
7 questions for ES
Anthony Crowdell
Mizuho Financial Group
5 questions for ES
Jeremy Tonet
JPMorgan Chase & Co.
5 questions for ES
Julien Dumoulin-Smith
Jefferies
5 questions for ES
Sophie Karp
KeyBanc Capital Markets Inc.
5 questions for ES
Shahriar Pourreza
Guggenheim Partners
4 questions for ES
Durgesh Chopra
Evercore ISI
3 questions for ES
Agnieszka Storozynski
BofA Securities
2 questions for ES
Angie Storozynski
Seaport Research Partners
2 questions for ES
Bill Appicelli
UBS
2 questions for ES
Ross Fowler
Bank of America
2 questions for ES
Ryan Levine
Citigroup
2 questions for ES
Shar Pourreza
Wells Fargo
2 questions for ES
Steven Fleishman
Wolfe Research
2 questions for ES
Travis Miller
Morningstar
2 questions for ES
William Appicelli
UBS
2 questions for ES
James Kennedy
Marathon Microfinder
1 question for ES
Nicholas Campanella
Barclays
1 question for ES
Recent press releases and 8-K filings for ES.
- Eversource Energy filed an 8-K on February 26, 2026, reporting the issuance of $750 million aggregate principal of Junior Subordinated Notes, Series A, due 2056 and $750 million of Series B notes due 2056
- Series A notes carry a 6.100% coupon until August 15, 2031, resetting every five years thereafter at the 5-year U.S. Treasury rate plus 2.521%, floored at 6.100%
- Series B notes carry a 6.350% coupon until August 15, 2036, resetting every five years thereafter at the 5-year U.S. Treasury rate plus 2.325%, floored at 6.350%
- Both series allow optional interest deferral of up to 10 consecutive years and par redemptions at 100% (or 102% for a Rating Agency Event), with settlement on February 26, 2026
- Q4 non-GAAP EPS was $1.12, up from $1.01 in Q4 2024; reported GAAP EPS also $1.12 versus $0.20 a year earlier.
- Full year 2025 non-GAAP EPS totaled $4.76 (2024: $4.57) and GAAP EPS was $4.56 (2024: $2.27).
- The company outlined a $26.5 billion capital investment plan through 2030 and reaffirmed a 5–7% long-term EPS growth target balanced by regulatory outcomes.
- 2026 EPS guidance was set at $4.80–4.95 per share.
- 2025 non-GAAP EPS of $4.76 and GAAP EPS of $4.56; dividend increased to $3.01 per share (+5.2%)
- Segment earnings: electric transmission $2.09, electric distribution $1.80, natural gas distribution $0.97 per share in 2025
- 2026 EPS guidance of $4.80–$4.95, including water, with moderated growth due to timing of key regulatory outcomes
- 5-year capital plan of $26.5 billion (2026–2030) in regulated utilities (+$2.3 billion vs prior plan), excluding Aquarion
- Reaffirmed long-term EPS growth target of 5%–7% through 2028, aiming for upper half of range off 2027 earnings
- FY 2025 non-GAAP EPS of $4.76 and dividend of $3.01 (up 5.2%)
- 2026 EPS guidance of $4.80–$4.95 (excluding Aquarion sale)
- $26.5 billion capital plan for 2026–2030, up $2.3 billion versus prior plan, led by electric distribution ($11 billion), gas ($7 billion), transmission ($7 billion)
- Regulatory updates include Massachusetts PBR rate increases ($55 million for NSTAR Electric, $10 million for NSTAR Gas), Connecticut Aquarion sale remanded with decision by March 25, and storm cost prudency review due in July
- Revolution Wind first power expected in “a few weeks,” with COD targeted in 2H 2026
- Eversource delivered full-year 2025 non-GAAP EPS of $4.76 and raised dividends to $3.01 per share (up 5.2%).
- GAAP EPS rose to $4.56 in 2025 from $2.27 in 2024; Q4 non-GAAP EPS was $1.12, up from $1.01 in Q4 2024.
- Unveiled a five-year capital plan of $26.5 billion (2026–2030), a $2.3 billion increase led by electric distribution and gas distribution investments.
- Issued 2026 EPS guidance of $4.80–$4.95 and reaffirmed a long-term EPS growth target of 5–7% by 2028.
- Strengthened the balance sheet with over 400 bps improvement in FFO to debt, is pursuing the Aquarion Water sale, storm-cost securitization, and advancing major projects like the $1.8 billion Cambridge Underground Substation and Revolution Wind’s upcoming first power.
- FY 2025 GAAP earnings of $1.69 billion ($4.56 EPS) vs. $811.7 million ($2.27 EPS) in 2024 and non-GAAP recurring earnings of $1.77 billion ($4.76 EPS) vs. $1.63 billion ($4.57 EPS) in 2024.
- Q4 2025 GAAP EPS of $1.12 ($421.3 million) vs. $0.20 ($72.5 million) in Q4 2024.
- 2026 EPS guidance set at $4.80 to $4.95 per share, with a 5–7% long-term EPS CAGR through 2030 and growth toward the upper half by 2028.
- Five-year $26.5 billion capex plan for 2026–2030, up $2.3 billion from the prior plan, driven by electric and natural gas distribution investments.
- Eversource posted fourth-quarter adjusted EPS of $1.12, modestly beating consensus, and revenue of $3.37 billion, as net income rose to $421.3 million from $72.5 million a year earlier.
- Management issued 2026 EPS guidance of $4.80–$4.95, reaffirmed a 5–7% annual EPS growth target through 2030, and expanded its five-year capital plan to $26.5 billion.
- The natural gas segment improved, earning $123.6 million in Q4 versus $103.4 million a year earlier as one-time charges from 2024 faded.
- Analysts expect full-year EPS of about $4.97, and Eversource plans $800 million–$1.1 billion in equity issuance to fund its expanded investment program.
- 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).
- 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.
- 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.
Quarterly earnings call transcripts for EVERSOURCE ENERGY.
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