Eversource Energy (D/B/A)
73.81-1.07 (-1.43%)
Oct 29, 4:00:02 PM EDT · NYSE · ES · USD
Key Stats
Market Cap
27.39BP/E (TTM)
32.23Basic EPS (TTM)
2.29Dividend Yield
0.04%Recent Filings
8-K
Offshore wind liability surges $285M
Eversource Energy boosted its offshore wind liability by $285 million due to Revolution Wind construction overruns from vessel damage, insurance hikes, and a BOEM stop-work order through September 22, 2025, tied to the September 30, 2024, sale to GIP affiliates. A $210 million federal tax benefit softens the blow, yielding a net after-tax charge of $75 million, or $0.20 per share, in Q3 2025. Revolution Wind nears 80% completion. Costs could fluctuate further as construction wraps in late 2026.
10-Q
Q2 FY2025 results
Eversource's Q2 revenue climbed 12% year-over-year to $2.84B, fueled by base rate hikes at PSNH and NSTAR Electric, while transmission earnings swelled on a beefier rate base from infrastructure pushes. Operating income rose 10% to $663M, with diluted EPS edging up to $0.96 from $0.95, backed by steady cash from operations at $2.10B YTD versus $962M last year. Yet interest costs jumped 8% to $293M, reflecting no more offshore wind capitalization post-sale. Cash sits at $344M, with $1.27B revolver room and fresh $1.73B long-term debt to fund $2.05B in plant investments. Aquarion's pending $2.4B sale eyes debt paydown by late 2025. FERC ROE complaints linger as a wildcard.
8-K
Eversource Q2 earnings rise slightly
Eversource Energy posted Q2 2025 earnings of $352.7 million, or $0.96 per share, edging up from $335.3 million, or $0.95 per share, a year earlier, fueled by transmission investments and rate hikes in electric and gas segments. Yet parent losses swelled to $66.5 million from higher interest after ditching offshore wind. The company holds its 2025 EPS outlook at $4.67 to $4.82. Solid gains, but debt bites.
8-K
Eversource launches $1.2B share program
Eversource Energy signed an Equity Distribution Agreement on May 30, 2025, enabling sales of up to $1.2 billion in common shares through major banks like Barclays and Goldman Sachs. This at-the-market offering, under an effective S-3ASR registration, allows flexible capital raises without fixed timing. It bolsters liquidity for utility operations. No specific use of proceeds disclosed.
10-Q
Q1 FY2025 results
Eversource kicked off Q1 FY2025 with revenues climbing 23.6% year-over-year to $4.12B, fueled by rate hikes at PSNH and NSTAR Electric plus stronger wholesale market sales at CL&P, while operating income rose 9.5% to $926M amid ongoing infrastructure investments. Earnings hit $551M or $1.50 per diluted share, edging up from $1.49 last year, with electric transmission and natural gas segments driving gains through higher rate bases and capital tracking recoveries, though offset by elevated depreciation and property taxes. Cash from operations surged to $1.04B, supporting $1.01B in capex, bolstered by $1.20B in long-term debt issuances; free cash flow stood at $33M after $1.01B capex. The pending Aquarion sale, valued at $2.4B enterprise, eyes late 2025 close to trim parent debt. Yet regulatory shifts in ROE could squeeze transmission margins.
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