Eversource Energy Q4 Earnings Beat Estimates, Revenues Rise Y/Y

Core Insights - Eversource Energy (ES) reported fourth-quarter 2025 adjusted earnings of $1.12 per share, exceeding the Zacks Consensus Estimate of $1.10 by 1.82% and reflecting a 10.9% increase from $1.01 in the same quarter last year [1] - Total revenues for 2025 were $3.37 billion, falling short of the Zacks Consensus Estimate of $3.41 billion by 1.29%, but representing a 13.4% increase from $2.97 billion in the previous year [2] - The company projected 2026 earnings of $4.80-$4.95 per share and anticipates a long-term EPS growth rate of 5% to 7% through 2030 [8][9] Financial Performance - Total operating expenses were $2.66 billion, up 1.38% from $2.62 billion in the prior year, driven by higher costs in purchased power, natural gas, and maintenance expenses [3] - Operating income surged to $710.5 million, a 104.3% increase from $347.8 million in the year-ago quarter [3] - Interest expenses rose to $331.2 million, up 14.7% from $288.7 million in the previous year [3] Segment Performance - Electric Transmission earnings were $183.7 million, a slight decrease of 0.16% from the prior year due to the absence of a carrying charge benefit [4] - Electric Distribution earnings fell to $95.5 million, down 13.5% from the previous year, impacted by customer credits related to a settlement agreement in Massachusetts [5] - Natural Gas Distribution earnings increased to $123.6 million, up 19.5% from the prior year, attributed to higher revenues from base distribution rate increases [6] - Water Distribution earnings were $7.4 million, down 1.33% from the previous year [6] - Earnings from Eversource Parent & Other Companies amounted to $11.1 million, a significant increase of 132.2% from a loss of $34.5 million in the year-ago quarter [7] Future Outlook - Eversource Energy expects cash from operations to be between $24.2 billion and $24.7 billion from 2026 to 2030 [9] - The company plans to invest $27.8 billion during the same period, including $1.3 billion for its water business [9] - Eversource anticipates distributing dividends of $6.7 billion to $7.2 billion from 2026 to 2030 [9]