Eversource Energy Posts Strong 2025 Earnings, Boosts Investment Plan
Event summary
- Eversource Energy reported full-year 2025 earnings of $1.69 billion, up from $811.7 million in 2024.
- Non-GAAP recurring earnings for 2025 were $1.77 billion, slightly above the 2024 figure of $1.63 billion.
- The company announced a $26.5 billion five-year investment plan, up $2.3 billion from the previous plan.
- Eversource expects to raise $800 million to $1.1 billion in equity from 2026 to 2030, excluding dividend reinvestment and equity compensation programs.
- The company's 2026 earnings projection is between $4.80 and $4.95 per share, with long-term growth expectations of 5-7% through 2030.
The big picture
Eversource Energy's strong 2025 earnings and expanded investment plan reflect its strategic shift towards becoming a pure-play regulated utility. The company's focus on energy affordability and innovative technology solutions aligns with broader industry trends towards reliable and sustainable energy delivery. The $26.5 billion investment plan underscores Eversource's commitment to modernizing its infrastructure and supporting clean energy goals in the New England region.
What we're watching
- Regulatory Dynamics
- How Eversource's collaborative approach with regulators will impact its ability to secure constructive outcomes amid state and federal changes.
- Investment Execution
- Whether Eversource can effectively deploy its $26.5 billion investment plan to support load growth and clean energy objectives.
- Financial Discipline
- The pace at which Eversource can balance cost discipline with necessary investments to maintain energy affordability for customers.
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