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.
Andrew Weisel
Scotiabank
7 questions for ES
Carly Davenport
Goldman Sachs
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
Paul Patterson
Glenrock Associates
5 questions for ES
Shahriar Pourreza
Guggenheim Partners
4 questions for ES
Durgesh Chopra
Evercore ISI
3 questions for ES
Sophie Karp
KeyBanc Capital Markets Inc.
3 questions for ES
Agnieszka Storozynski
BofA Securities
2 questions for ES
Angie Storozynski
Seaport Research Partners
2 questions for ES
Ross Fowler
Bank of America
2 questions for ES
Ryan Levine
Citigroup
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 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
Quarterly earnings call transcripts for EVERSOURCE ENERGY.
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