Eversource Energy
NYSE:ES

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Eversource Energy
NYSE:ES
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Price: 66.5 USD -2.29% Market Closed
Market Cap: 25B USD

Eversource Energy
Investor Relations

Eversource Energy, a sturdy pillar in the energy sector, plays a critical role in keeping the lights on and the warmth flowing across New England. Rooted deeply within the communities it serves, Eversource enjoys a robust presence in Massachusetts, Connecticut, and New Hampshire. This company is not merely a utility provider; it is a vital service entwined in the day-to-day lives of millions. The company operates through its regulated subsidiaries, ensuring reliable delivery of electricity, natural gas, and water. The framework of Eversource's business model pivots on generating steady, regulated revenues. By maintaining and operating an extensive network of transmission and distribution infrastructure, they command a substantial share of the region's energy market, providing essential services to a diverse array of customers.

Eversource’s financial heartbeat is driven by its regulated revenue model, which ensures predictable and stable returns over time. Revenue streams originate primarily from service rates approved by state regulatory commissions, which allow Eversource to recover costs and earn a return on investments. The company also embraces sustainable and renewable energy projects, such as solar and offshore wind initiatives, aligning with broader environmental goals and future energy needs. Through strategic investments and modernization of infrastructure, Eversource not only seeks to enhance operational efficiency but also cement its reputation as a forward-thinking leader in environmental stewardship. In a world increasingly conscious of energy impact, Eversource's dedication to a sustainable future not only fulfills regulatory expectations but also captures the public's aspiration for cleaner energy, reinforcing its position as a critical player in the evolving energy landscape.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 5, 2025
AI Summary
Q3 2025

Strong Quarter: Eversource delivered solid Q3 results, reporting $0.99 GAAP EPS despite a $75 million nonrecurring charge related to offshore wind.

Guidance Raised: Management raised 2025 recurring EPS guidance to $4.72–$4.80 per share, with a higher midpoint, and reaffirmed 5%–7% long-term EPS growth.

Offshore Wind Progress: Revolution Wind project is ahead of schedule with significant milestones reached; construction is nearly complete, and power could come online earlier than planned.

Regulatory Developments: Positive momentum in Connecticut and Massachusetts, including an improved outcome in the Yankee Gas rate case and expectation to close the Aquarion Water sale by year-end.

Balance Sheet Improvement: Operating cash flows improved by over $1.7 billion year-over-year, and credit metrics like FFO to debt strengthened, now expected above 13%.

CapEx Execution: The company is on track to invest nearly $5 billion in 2025, with $3.3 billion executed through September and further opportunities identified.

Equity & Debt: $600 million of parent debt and $465 million of equity issued to ensure liquidity; majority of future equity needs expected in later years.

Customer Affordability: Expanded rate programs and energy efficiency have saved customers $1.4 billion; new rates and discounts aim to manage costs amidst robust demand.

Key Financials
GAAP EPS
$0.99
GAAP EPS (Q3 2024)
-$0.33
Recurring Non-GAAP EPS (Q3 2025)
$1.19
Offshore Wind Net Charge (after-tax)
$75 million
Offshore Wind Liability Increase
$285 million
Tax Benefits (Q3, Offshore Wind)
$210 million
Operating Cash Flow
Increased over $1.7 billion YoY through Q3
FFO to Debt Ratio (Q2 2025)
12.7%
2025 Recurring EPS Guidance
$4.72 – $4.80
Long-Term EPS Growth Rate
5% – 7%
Capital Investment (2025)
Nearly $5 billion (targeted), $3.3 billion executed through September
5-Year Capital Plan
$24.2 billion through 2029
Additional CapEx Opportunities (within 5 years)
$1.5 billion to $2 billion
Yankee Rate Case Revenue Increase (Alternative Resolution)
$104 million increase vs. $55 million draft decision
Equity Issued Under ATM Program
$465 million (to date in 2025)
Parent Company Debt Issued
$600 million
Deferred Storm Costs Under Review or In Rates
98%
Weather-Normalized Load Growth (YTD)
2%
Peak Load Summer 2025
Over 12 gigawatts (highest since 2013)
AMI Meters Installed (Massachusetts)
Over 40,000
Customer Savings from Energy Efficiency
$1.4 billion
New Generation Supported (Next 12 Months)
Over 2,500 megawatts
Earnings Call Recording
Other Earnings Calls

Management

Mr. Joseph R. Nolan Jr.
President, CEO & Chairman
No Bio Available
Mr. John M. Moreira CPA
Executive VP. CFO & Treasurer
No Bio Available
Mr. Gregory B. Butler Esq.
Executive VP & General Counsel
No Bio Available
Mr. James W. Hunt III
Executive VP of Corporate Relations & Sustainability and Secretary
No Bio Available
Mr. Paul Chodak III
Executive VP & COO
No Bio Available
Mr. Jay S. Buth
VP, Controller & Chief Accounting Officer
No Bio Available
Mr. Jeffrey R. Kotkin
Vice President of Investor Relations
No Bio Available
Mr. Duncan R. MacKay
Chief Compliance Officer & Deputy General Counsel
No Bio Available
Ms. Susan L. Sgroi
Executive VP of Human Resources & Information Technology
No Bio Available
Ms. Penelope McLean-Conner
Executive Vice President of Customer Experience & Energy Strategy
No Bio Available

Contacts

Address
MASSACHUSETTS
Springfield
300 Cadwell Dr
Contacts
+18606655000.0
www.eversource.com