Eversource(US:ES)2026-02-12 21:21Financial Performance - Eversource Energy reported full-year 2025 earnings of $1.69 billion, or $4.56 per share, compared to $811.7 million, or $2.27 per share, in 2024, representing a 108.5% increase in earnings [2]. - Non-GAAP recurring earnings for 2025 totaled $1.77 billion, or $4.76 per share, up from $1.63 billion, or $4.57 per share, in 2024 [2]. - The company expects 2026 earnings to be between $4.80 and $4.95 per share, with a long-term growth rate of 5% to 7% through 2030 [7]. - Eversource's electric transmission segment earned $776.7 million in 2025, an increase of 7.2% from $724.6 million in 2024 [10]. - The electric distribution segment reported earnings of $667.1 million in 2025, up 5.6% from $631.7 million in 2024 [11]. - The natural gas distribution segment earned $360.5 million in 2025, a 23.9% increase from $291.0 million in 2024 [12]. Investment Plans - Eversource announced a new five-year investment plan totaling $26.5 billion for 2026 to 2030, an increase of $2.3 billion from the previous plan [8]. - The company plans to raise equity between $800 million and $1.1 billion during the 2026-2030 period [9]. Customer Base - Eversource's total customer base includes approximately 4.6 million electric, natural gas, and water customers across Connecticut, Massachusetts, and New Hampshire [17]. Risks and Uncertainties - The company recorded an aggregate net after-tax loss of $75.0 million related to offshore wind project liabilities in 2025, impacting earnings per share by $0.20 [4]. - Eversource Energy's forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from expectations [19]. - The company emphasizes the potential impact of cyber events, regulatory actions, and changes in laws on its operations and financial performance [19]. - Eversource Energy is subject to variability in costs and investment returns related to its offshore wind projects, specifically Revolution Wind and South Fork Wind [19]. - The company faces challenges from extreme weather events and climate change, which could disrupt its water supplies and distribution systems [19]. - Eversource Energy's access to capital may be limited or more costly due to disruptions in capital markets [19]. - Changes in economic conditions, including interest rates and customer demand, could significantly affect the company's financial outlook [21]. - The company acknowledges the unpredictability of third-party suppliers and service providers, which may impact operational performance [19]. - Eversource Energy's management encourages stakeholders to review risk factors detailed in its SEC filings for a comprehensive understanding of potential challenges [20]. - The company does not undertake an obligation to update forward-looking statements unless required by federal securities laws [21]. - Eversource Energy's strategic initiatives may be influenced by changes in accounting standards and financial reporting regulations [21].