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EVERSOURCE ENERGY (ES)

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Earnings summaries and quarterly performance for EVERSOURCE ENERGY.

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

Carly Davenport

Carly Davenport

Goldman Sachs

9 questions for ES

Also covers: AEE, AEP, D +14 more
AW

Andrew Weisel

Scotiabank

7 questions for ES

Also covers: AEP, BKH, CEG +14 more
PP

Paul Patterson

Glenrock Associates

7 questions for ES

Also covers: AEE, ETR, EVRG +7 more
AC

Anthony Crowdell

Mizuho Financial Group

5 questions for ES

Also covers: AEE, AEP, AES +30 more
JT

Jeremy Tonet

JPMorgan Chase & Co.

5 questions for ES

Also covers: AEE, AEP, AM +46 more
Julien Dumoulin-Smith

Julien Dumoulin-Smith

Jefferies

5 questions for ES

Also covers: AEE, AEP, AES +60 more
SK

Sophie Karp

KeyBanc Capital Markets Inc.

5 questions for ES

Also covers: AEE, AEP, AGR +14 more
SP

Shahriar Pourreza

Guggenheim Partners

4 questions for ES

Also covers: AEE, AEP, AVA +29 more
DC

Durgesh Chopra

Evercore ISI

3 questions for ES

Also covers: AEE, AEP, AES +22 more
AS

Agnieszka Storozynski

BofA Securities

2 questions for ES

Also covers: AES, AGR, AWK +11 more
Angie Storozynski

Angie Storozynski

Seaport Research Partners

2 questions for ES

Also covers: AGR, AWK, CEG +10 more
Bill Appicelli

Bill Appicelli

UBS

2 questions for ES

Also covers: CNP, ETR, NEE +7 more
Ross Fowler

Ross Fowler

Bank of America

2 questions for ES

Also covers: AEP, BKH, D +11 more
RL

Ryan Levine

Citigroup

2 questions for ES

Also covers: AEP, AES, ATO +17 more
SP

Shar Pourreza

Wells Fargo

2 questions for ES

Also covers: AEP, CNP, DTE +7 more
Steven Fleishman

Steven Fleishman

Wolfe Research

2 questions for ES

Also covers: AEP, CEG, CNP +18 more
TM

Travis Miller

Morningstar

2 questions for ES

Also covers: CMS, DTE, ETR +10 more
William Appicelli

William Appicelli

UBS

2 questions for ES

Also covers: AEE, AEP, CMS +10 more
JK

James Kennedy

Marathon Microfinder

1 question for ES

Also covers: CLIR, D, EXC +2 more
Nicholas Campanella

Nicholas Campanella

Barclays

1 question for ES

Also covers: AEE, AEP, AES +33 more

Recent press releases and 8-K filings for ES.

Eversource Energy issues $1.5 billion junior subordinated notes due 2056
ES
Debt Issuance
  • 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
1 day ago
Eversource Energy reports Q4 2025 results
ES
Earnings
Guidance Update
  • 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.
Feb 13, 2026, 2:00 PM
Eversource Energy reports Q4 and full-year 2025 earnings
ES
Earnings
Guidance Update
New Projects/Investments
  • 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
Feb 13, 2026, 2:00 PM
Eversource Energy reports Q4 2025 results
ES
Earnings
Guidance Update
New Projects/Investments
  • 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
Feb 13, 2026, 2:00 PM
Eversource Energy reports strong 2025 earnings and 2026 guidance
ES
Earnings
Guidance Update
New Projects/Investments
  • 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.
Feb 13, 2026, 2:00 PM
Eversource Energy reports 2025 full-year and Q4 results
ES
Earnings
Guidance Update
New Projects/Investments
  • 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.
Feb 12, 2026, 9:15 PM
Eversource Energy reports Q4 2025 earnings beat
ES
Earnings
Guidance Update
New Projects/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.
Feb 12, 2026, 1:46 AM
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