ES
Eversource Energy67.89
-0.48-0.7%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Financing flexible sans Aquarion sale.
Q&A clarified financing flexibility around Aquarion sale: $800M-$1.1B equity issuance fixed either way, but alternatives like junior subs and minority deals pull back if approved, potentially boosting outer-year growth toward upper 5-7% half off 2027 base. Revolution Wind eyes first power soon, COD H2 2026; liability sticks till COD. Connecticut AMI talks start next week, $1B placeholder pending recovery waiver. Equity needs stay firm. Analysts hit overhangs; management derisked timelines confidently. Session mostly reaffirmed prepared outlook on capex, guidance, and balance sheet progress.
Key Stats
Market Cap
25.47BP/E (TTM)
18.75Basic EPS (TTM)
3.62Dividend Yield
0.04%Recent Filings
8-K
Issues $1.5B notes due 2056
10-K
FY2025 results
Eversource posted FY2025 net income of $1.69B ($4.56/share), up sharply from $812M ($2.27/share) in 2024 after stripping out offshore wind charges; non-GAAP EPS hit $4.76, boosted by rate hikes at PSNH (+$101M effective Aug 2025), NSTAR Electric (+$56M Jan 2025), and gas utilities. Q4 accelerated with PSNH's permanent rates, EGMA/NSTAR Electric settlement netting $65M benefit, and transmission rate base at $11.3B driving $777M segment earnings (up 7% y/y). Electric distribution grew 6% to $672M on capex trackers and lower taxes, while gas jumped 24% to $361M from infrastructure investments; water held steady excluding prior impairment. Capex hit $4.16B, funded by $4.11B operating cash flow and $2.94B debt issuance; liquidity strong with $1.12B CP availability. Offshore wind contingent liability rose to $448M on Revolution Wind overruns. Cyber threats loom large.
8-K
Eversource crushes 2025 earnings
Eversource reported 2025 GAAP earnings of $1.69B ($4.56/share), up sharply from $812M ($2.27/share) in 2024, boosted by absent prior-year offshore wind and Aquarion sale losses. Non-GAAP recurring EPS hit $4.76, driving all segments higher except water. It unveiled a $26.5B 2026-2030 capex plan and 2026 EPS guidance of $4.80-$4.95. Pure regulated utility now.
8-K
Ethics code amended
Eversource Energy and its subsidiaries adopted an Amended and Restated Code of Ethics for Senior Financial Officers, effective January 27, 2026. Changes update auditor oversight descriptions, clarify compliance programs, and assign ongoing Audit Committee responsibility. Non-substantive revisions. No material shifts in duties.
8-K
Mudge joins Eversource board
Eversource Energy elected Warren Robert Mudge to its Board of Trustees effective January 1, 2026, appointing him to the Audit and Finance and Risk Management Committees. The ex-Verizon COO and Brightspeed CEO brings deep network transformation expertise. New trustee adds operational heft. His term runs to the May 2026 shareholder meeting.
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