ES

MKT CAP:$26B

Eversource Energy

Market Cap

$26B

Utilities·Regulated Electric·🇺🇸 United States·NYSE

Utilities·Regulated Electric·🇺🇸·NYSE

Stock Price

$68.64+$0.58 (+0.85%)

Apr 24, 2026

Company Details

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involv...

CEO

Joseph R. Nolan Jr.

IPO Date

Feb 21, 1973

Website

www.eversource.com

Key Metrics TTM

Revenue

$13.5B

+6.5% YoY

Net Income

$205M

EPS (Diluted)

$0.43

Free Cash Flow

-$1.6B

Revenue / Share

$35.93

Gross Margin

45.5%

Operating Margin

22.5%

Net Margin

1.5%

FCF Margin

-12.0%

P/S

1.9x

P/E

125.8x

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Feb 17, 2026

$13.5BEPS $4.56

Q4 2025

Feb 17, 2026

$3.4BEPS $1.12

Q1 2025

May 5, 2025

$4.1B+23.6%EPS $1.50

Q1 2024

May 3, 2024

$3.3B-12.2%EPS $1.49

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 19	$2.1B	$968M	$436M
Q2 20	$2.0B	$991M	$434M
Q3 20	$2.3B	$1.2B	$561M
Q4 20	$2.2B	$1.1B	$455M
Q1 21	$2.8B	$1.4B	$586M
Q2 21	$2.1B	$1.1B	$452M
Q3 21	$2.5B	$1.2B	$483M
Q4 21	$2.5B	$1.2B	$473M
Q1 22	$3.5B	$1.6B	$663M
Q1 23	$3.8B	$1.4B	$750M
Q2 23	$2.6B	$1.0B	$561M
Q3 23	$2.8B	$1.1B	$531M
Q4 23	$2.7B	$1.2B	$559M
Q1 24	$3.3B	$1.6B	$846M
Q1 25	$4.1B	$2.3B	$926M
Q4 25	$3.4B	$985M	$710M

Valuation

Quarter	P/S	P/E
Q4 19	3.0x	28.4x
Q2 20	3.2x	30.3x
Q3 20	3.0x	22.1x
Q4 20	3.0x	23.1x
Q1 21	2.8x	20.9x
Q2 21	2.7x	20.7x
Q3 21	2.7x	21.8x
Q4 21	2.6x	21.2x
Q1 22	2.5x	19.9x
Q1 23	2.1x	17.0x
Q2 23	2.1x	20.6x
Q3 23	2.0x	20.0x
Q4 23	2.2x	—
Q1 24	2.3x	—
Q1 25	2.0x	208.8x
Q4 25	1.9x	125.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 19	$515M	-$268M
Q2 20	$585M	-$90M
Q3 20	$491M	-$211M
Q4 20	$186M	-$655M
Q1 21	$411M	-$278M
Q2 21	$396M	-$338M
Q3 21	$713M	-$75M
Q4 21	$442M	-$522M
Q1 22	$372M	-$393M
Q1 23	$69M	-$908M
Q2 23	$578M	-$484M
Q3 23	$522M	-$564M
Q4 23	$477M	-$734M
Q1 24	$291M	-$858M
Q1 25	$1.0B	$33M
Q4 25	$916M	-$67M

Capital Expenditures

Quarter	CapEx
Q4 19	$782M
Q2 20	$675M
Q3 20	$701M
Q4 20	$841M
Q1 21	$689M
Q2 21	$734M
Q3 21	$788M
Q4 21	$964M
Q1 22	$765M
Q1 23	$977M
Q2 23	$1.1B
Q3 23	$1.1B
Q4 23	$1.2B
Q1 24	$1.1B
Q1 25	$1.0B
Q4 25	$983M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 19	+0.8%	-1.2%
Q2 20	-19.2%	-20.9%
Q3 20	+24.4%	+2.8%
Q4 20	+2.7%	+6.8%
Q1 21	+37.8%	+38.7%
Q2 21	+8.7%	+10.0%
Q3 21	+5.0%	+11.0%
Q4 21	+11.1%	+12.9%
Q1 22	+22.8%	+25.4%
Q1 23	+78.8%	+82.3%
Q2 23	+6.8%	+4.6%
Q3 23	+12.5%	+12.5%
Q4 23	-22.4%	-24.0%
Q1 24	-12.2%	-18.4%
Q1 25	+56.6%	+54.3%
Q4 25	+20.7%	+17.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 19	$0	0.0%
Q2 20	$0	0.0%
Q3 20	$0	0.0%
Q4 20	$0	0.0%
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$28M	1.0%
Q1 24	$0	0.0%
Q1 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	S&M	SG&A
Q4 19	—	$8M
Q2 20	—	$11M
Q3 20	—	$11M
Q4 20	—	$10M
Q1 21	—	$20M
Q2 21	—	$22M
Q3 21	—	$22M
Q4 21	—	$21M
Q1 22	—	$54M
Q1 23	$70M	—
Q2 23	—	$33M
Q3 23	—	$29M
Q4 23	—	$36M

Revenue Segments

Quarter	Eliminations	Eversource Electric Distribution	Eversource Electric Transmission	Natural Gas Distribution	Other	Water Distribution Segment
Q1 21	-$645M	$1.9B	$401M	$781M	$343M	$46M
Q2 21	-$660M	$1.7B	$420M	$315M	$330M	$55M
Q3 21	-$614M	$2.1B	$531M	$186M	$326M	$62M
Q4 21	-$631M	$1.8B	$408M	$508M	$355M	$48M
Q1 22	-$710M	$2.4B	$450M	$928M	$384M	$49M
Q1 23	-$761M	$2.6B	$459M	$1.0B	$414M	$50M
Q2 23	-$781M	$2.1B	$480M	$411M	$409M	$61M
Q3 23	-$753M	$2.4B	$525M	$220M	$395M	$69M
Q4 23	-$774M	$2.0B	$452M	$546M	$419M	$52M
Q1 24	-$837M	$2.3B	$508M	$906M	$444M	$50M
Q1 25	-$838M	$2.8B	$598M	$1.1B	$439M	$50M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$46M	$0	$46M
Q2 22	$30M	$0	$30M
Q3 22	$486M	$0	$486M
Q4 22	$375M	$0	$375M
Q1 23	$36M	$0	$36M
Q2 23	$42M	$0	$42M
Q3 23	$79M	$0	$79M
Q4 23	$54M	$0	$54M
Q1 24	$259M	$0	$259M
Q2 24	$33M	$0	$33M
Q3 24	$98M	$0	$98M
Q4 24	$27M	$0	$27M
Q1 25	$111M	$0	$111M
Q2 25	$344M	$0	$344M
Q3 25	$259M	$0	$259M
Q4 25	$135M	$0	$135M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 19	327M	+0.3%	+2.8%
Q2 20	339M	+3.5%	+6.4%
Q3 20	344M	+1.5%	+7.3%
Q4 20	344M	+0.1%	+5.6%
Q1 21	344M	+0.1%	+5.3%
Q2 21	344M	+0.0%	+1.7%
Q3 21	345M	+0.1%	+0.3%
Q4 21	345M	+0.1%	+0.3%
Q1 22	346M	+0.2%	+0.4%
Q1 23	350M	+1.1%	+1.5%
Q2 23	350M	+0.0%	+1.5%
Q3 23	350M	+0.0%	+1.4%
Q4 23	350M	+0.0%	+1.2%
Q1 24	351M	+0.3%	+0.4%
Q1 25	368M	+4.8%	+5.1%
Q4 25	376M	+2.3%	+7.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 19	$249.0K	8K
Q2 20	$237.2K	8K
Q3 20	$284.6K	8K
Q4 20	$240.2K	9K
Q1 21	$303.9K	9K
Q2 21	$228.3K	9K
Q3 21	$264.7K	9K
Q4 21	$269.0K	9K
Q1 22	$376.2K	9K
Q1 23	$394.3K	10K
Q2 23	$273.1K	10K
Q3 23	$290.0K	10K
Q4 23	$264.9K	10K
Q1 24	$327.7K	10K
Q1 25	$385.6K	11K
Q4 25	$314.1K	11K

Revenue / Employee