Eversource Energy Q2 Earnings Surpass Estimates, Revenues Rise Y/Y

Core Insights - Eversource Energy (ES) reported second-quarter 2025 adjusted earnings of 96 cents per share, exceeding the Zacks Consensus Estimate of 95 cents by 1.05% and showing a slight increase from 95 cents in the same quarter last year [1][9] Total Revenues of ES - Total revenues for Eversource Energy were $2.84 billion, which fell short of the Zacks Consensus Estimate of $3.19 billion by 10.9%, but represented a 12.2% increase from the previous year's figure of $2.53 billion [2][9] Highlights of ES' Q2 Results - Total operating expenses reached $2.17 billion, marking a 12.4% year-over-year increase due to higher operations and maintenance costs, as well as increased depreciation and amortization expenses [3] - Operating income was reported at $663 million, reflecting a 10% year-over-year growth [3] - Interest expenses totaled $293.2 million, which is 8.1% higher than the previous year [3] ES' Segmental Performance - Electric Transmission segment earnings were $208 million, up 10.1% year over year, driven by ongoing investments in the electric transmission system [4] - Electric Distribution segment earnings amounted to $161.5 million, a 7.9% increase year over year, attributed to higher revenues from base distribution rate increases in New Hampshire and Massachusetts [4] - Natural Gas Distribution reported earnings of $35.3 million, compared to $27.1 million in the same quarter last year [5] - Water Distribution earnings were $14.4 million, up from $8 million in the year-ago quarter [5] - The Eversource Parent & Other Companies segment reported a loss of $66.5 million, wider than the loss of $38.5 million in the previous year, primarily due to increased interest expenses following the sale of offshore wind projects [6] ES' Guidance - Eversource Energy maintains its earnings guidance for 2025 in the range of $4.67 to $4.82 per share, with the Zacks Consensus Estimate at $4.73 per share, which is lower than the midpoint of the company's guidance [7] - The company expects a long-term EPS growth rate of 5% to 7% through 2029, using $4.57 (in 2024) as a base [7]