Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Eversource Energy (ES) delivered strong FY2025 results with revenue growing 13.8% to $13.5B and operating cash flow nearly doubling to $4.1B, while EPS more than doubled to $4.56, though the company carries a current ratio below 1.0 and significant long-term debt of $26.9B.
Revenue
$13.55B
+13.83% YoY
EPS (Diluted)
$4.56
+100.88% YoY
Operating Income
$2.99B
+24.07% YoY
Source: SEC XBRL
Eversource Energy (ES) reported FY2025 revenue of $13.55B, up 13.8% year over year. Operating margin was 22.1%, up 1.9 points from 20.2% a year earlier. Operating cash flow was $4.11B, up 90.5% year over year.
Last 4 quarters: 0 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.36 | 0.92 | Miss -60.9% |
| Mar 2026 | 1.61 | 1.65 | Miss -2.4% |
| Dec 2025This filing | 1.12 | 1.15 | Miss -2.5% |
| Sep 2025 | 0.98 | 1.16 | Miss -15.9% |
Reported EPS of $1.12 versus the $1.15 analyst consensus — a -2.5% miss for Dec 2025.
Compiled by AI from this SEC filing
Total revenue increased 13.8% year-over-year from $11.9B to $13.5B in FY2025, reflecting continued investment in regulated utility infrastructure and rate base growth across electric, gas, and water segments.
Source: 10-K Income Statement, Financial Data
Operating margin expanded approximately 180 basis points to 22.1% in FY2025 from 20.2% in the prior year, as revenue growth outpaced operating cost increases, signaling improving operational efficiency.
Source: 10-K Income Statement & Key Ratios, Financial Data
Operating cash flow surged 90.5% to $4.1B from $2.2B in the prior year, a significant improvement that enhances the company's ability to fund capital expenditures and service its substantial debt load.
Source: 10-K Cash Flow Statement, Financial Data
Investing cash outflows of $4.3B in FY2025, while slightly lower than the prior year's $4.5B, reflect Eversource's ongoing commitment to grid modernization, reliability improvements, and infrastructure upgrades across its New England service territory.
Source: 10-K Cash Flow Statement, Financial Data
Basic and diluted EPS both reached $4.56 in FY2025, up 100.9% from $2.27 in FY2024, likely benefiting from asset sale proceeds, improved operating performance, and potentially lower non-recurring charges compared to the prior year.
Source: 10-K Income Statement, Financial Data
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
Eversource's current ratio stands at approximately 0.65, meaning current liabilities of $7.8B significantly exceed current assets of $5.1B. This structural liquidity gap is common in regulated utilities but requires ongoing access to credit facilities and capital markets to meet near-term obligations. Any disruption to credit markets could pressure the company's short-term financial position.
Source: 10-K Balance Sheet, Financial Data
Long-term debt increased 4.6% to $26.9B in FY2025, representing a substantial leverage load relative to stockholders' equity of $16.2B, implying a debt-to-equity ratio of approximately 1.66x. Rising interest rates could increase refinancing costs as debt matures, compressing future earnings. Sustained capital investment needs may require additional debt issuance.
Source: 10-K Balance Sheet, Financial Data
With investing cash outflows of $4.3B against operating cash flow of $4.1B, Eversource generates negative free cash flow, meaning it relies on external financing to fund its capital program. This dependency on debt and equity markets exposes the company to financing risk, particularly in a higher interest rate environment.
Source: 10-K Cash Flow Statement, Financial Data
As a regulated utility, Eversource's revenue and returns are subject to approval by state utility commissions in Connecticut, Massachusetts, and New Hampshire. Adverse rate case outcomes, disallowances of capital expenditures, or changes in regulatory policy could limit the company's ability to earn its authorized return on equity.
Source: 10-K, Financial Data (inferred from regulated utility business model)
Eversource has been divesting its offshore wind investments following significant write-downs in prior periods, which contributed to the low prior-year EPS of $2.27. The transition away from offshore wind introduces execution risk around asset sale timing, valuation, and potential residual liabilities that could affect future earnings.
Source: 10-K Income Statement (EPS comparison), Financial Data
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 13.55 $B | 11.90 $B | +13.83% |
Operating Income $B | 2.99 $B | 2.41 $B | +24.07% |
EPS (Basic) $ | 4.56 $ | 2.27 $ | +100.88% |
EPS (Diluted) $ | 4.56 $ | 2.27 $ | +100.88% |
Answers draw on this SEC filing and the data on this page
Eversource Energy's Q2 FY2026 earnings were heavily impacted by a material FERC ROE refund order, causing net income to plummet despite steady revenue growth.
Eversource Energy (ES) delivered solid Q1 FY2026 results with revenue up 9.4% YoY to $4.50B and operating income surging 16.2% to $1.08B, driven by stronger operating margins and significantly improved operating cash flow of $1.32B.
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