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Eversource Energy

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Eversource Energy • NYSE
$67.16 ▲ 0.69% (+0.46)
Market Cap $24.75 B
52w High $75.25
52w Low $52.28
Dividend Yield 2.97%
P/E 18.55
Volume 823.09K
Outstanding Shares 368.60M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.221B ▲ $964.323M ▲ $367.549M ▲ 11.412% ▼ $0.99 ▲ $994.146M ▼
Q2-2025 $2.838B ▼ $888.747M ▼ $352.728M ▼ 12.428% ▼ $0.96 ▼ $1.253B ▼
Q1-2025 $4.118B ▲ $1.364B ▲ $550.788M ▲ 13.374% ▲ $1.5 ▲ $1.854B ▲
Q4-2024 $2.971B ▼ $257.488M ▼ $72.52M ▲ 2.441% ▲ $0.2 ▲ $1.028B ▲
Q3-2024 $3.063B $264.371M $-118.057M -3.854% $-0.33 $871.038M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $259.34M ▼ $61.703B ▲ $45.519B ▲ $16.028B ▲
Q2-2025 $343.693M ▲ $60.956B ▲ $45.135B ▲ $15.666B ▲
Q1-2025 $111.362M ▲ $60.195B ▲ $44.698B ▲ $15.341B ▲
Q4-2024 $26.656M ▼ $59.595B ▲ $44.4B ▲ $15.039B ▼
Q3-2024 $97.888M $58.573B $43.373B $15.044B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $369.429M ▲ $1.1B ▲ $-1.19B ▼ $18.927M ▼ $-71.058M ▼ $-26.346M ▼
Q2-2025 $354.608M ▼ $1.057B ▲ $-1.104B ▼ $283.816M ▲ $237.168M ▲ $15.292M ▼
Q1-2025 $552.668M ▲ $1.041B ▲ $-999.23M ▲ $31.945M ▼ $73.31M ▲ $33.211M ▲
Q4-2024 $74.4M ▲ $642.131M ▲ $-1.212B ▼ $494.583M ▲ $-75.493M ▼ $-546.548M ▼
Q3-2024 $-116.177M $555.58M $-392.476M $-92.936M $70.168M $-515.353M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Eversource Electric Distribution
Eversource Electric Distribution
 $2.21Bn ▲$2.78Bn ▲$2.17Bn ▼$2.72Bn ▲
Eversource Electric Transmission
Eversource Electric Transmission
 $490.00M ▲$600.00M ▲$600.00M ▲$700.00M ▲
Natural Gas Distribution
Natural Gas Distribution
 $580.00M ▲$1.14Bn ▲$460.00M ▼$260.00M ▼
Water Distribution Segment
Water Distribution Segment
 $60.00M ▲$50.00M ▼$60.00M ▲$80.00M ▲
Eliminations
Eliminations
 $-860.00M ▲$-840.00M ▲$0 ▲$0 ▲
Other
Other
 $450.00M ▲$440.00M ▼$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Eversource’s revenue has been broadly steady in recent years, which is typical for a regulated utility, but profits have been bumpy. Core operating earnings have been relatively stable, yet net income swung into a loss recently and then recovered, pointing to one‑off charges and clean‑up items rather than a smooth earnings path. Profitability looks lower than a few years ago, suggesting pressure from higher costs, interest rates, and the transition away from offshore wind. Overall, the business still generates solid underlying operating profit, but reported earnings have been volatile and currently sit below prior peaks.

Balance Sheet

Balance Sheet The balance sheet shows a utility that has been investing heavily. Total assets have grown steadily as the company builds and upgrades infrastructure, but this has been funded mainly with more debt. Leverage has clearly increased, while shareholder equity has grown only modestly. Cash on hand is kept very low, which is normal for this sector but makes Eversource dependent on continuous access to capital markets and bank funding. The key risk is that higher interest rates or tighter credit conditions could make this increasingly expensive to sustain.

Cash Flow

Cash Flow Cash flow from operations has been fairly consistent, supporting the idea that the core utility franchise is stable. However, capital spending has run well above internal cash generation, leading to negative free cash flow year after year. In plain terms, the company is spending far more on new projects and grid upgrades than it earns in cash, so it relies on borrowing and other external funding to bridge the gap. This is common for growing utilities, but it heightens sensitivity to regulation, interest rates, and the company’s ability to keep earning an adequate return on its investments.

Competitive Edge

Competitive Edge Eversource benefits from the classic advantages of a regulated utility: it effectively has local monopolies in its service territories in New England, backed by heavy, hard‑to‑replicate infrastructure and a large, stable customer base. Its strong focus on clean energy and reliability aligns well with state policies in Connecticut, Massachusetts, and New Hampshire, which can support constructive regulatory outcomes. At the same time, that same regulatory oversight limits pricing flexibility and can become a source of tension when customer bills rise or big projects run over budget. Overall, Eversource appears well‑entrenched, but must constantly balance investment needs with political and customer pressure.

Innovation and R&D

Innovation and R&D Eversource is unusually active on the innovation front for a regulated utility. It is rolling out smart grid technologies, automated switches, drones, and AI‑based inspection tools to cut outages and maintenance costs. Its award‑winning leak detection systems and rapid restoration techniques help both reliability and environmental performance. The company also leans into the clean‑energy transition with support for rooftop solar, electric vehicle charging, and research partnerships like the Eversource Energy Center. Newer efforts in networked geothermal systems and energy storage could open future growth avenues, but they also carry execution, regulatory, and technology‑adoption risks. The overall picture is a utility trying to stay ahead of the curve rather than simply maintaining the status quo.

Summary

Eversource looks like a traditional, capital‑intensive regulated utility that is in the middle of a major transition toward a smarter and cleaner grid. Its revenues are steady, but earnings have been choppy, partly due to strategic shifts such as exiting offshore wind. The company is pouring money into grid modernization and clean‑energy infrastructure, which strengthens its long‑term asset base but requires rising debt and persistent negative free cash flow today. Its regulated monopolies and strong sustainability profile underpin a solid competitive position, yet also expose it to regulatory and political scrutiny. Key watchpoints include debt levels, the cost of capital, regulatory decisions on allowed returns, and how effectively Eversource can turn its innovation and large project pipeline into stable, growing earnings over time.

NEWS

November 21, 2025 · 4:35 PM UTC

Eversource Statement on Next Steps Following Aquarion Decision

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November 4, 2025 · 4:15 PM UTC

Eversource Energy Reports Third Quarter 2025 Results

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October 14, 2025 · 6:45 AM UTC

Eversource Energy Provides Update on Offshore Wind Liability

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September 11, 2025 · 5:39 PM UTC

Eversource Energy Declares Common Dividend

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