Eversource Energy Posts Q2 Profit Gain, Revenue Up 12%

Eversource Energy reported Q2 earnings of $352.72 million, or $0.96 per share, up from $335.34 million, or $0.95 per share, last year. Revenue rose 12.0% to $2.838 billion from $2.533 billion last year. The company's full-year EPS guidance is between $4.67 and $4.82.

Eversource Energy (NYSE: ES) reported robust earnings for the second quarter of 2025, with net income of $352.7 million, or $0.96 per share, up from $335.3 million, or $0.95 per share, in the same period last year [1]. Revenue rose 12.0% to $2.838 billion from $2.533 billion in Q2 2024, driven by higher revenues from base distribution rate increases and continued investments in the company's systems [1].

The company's electric transmission segment earned $208.0 million in Q2 2025, up from $189.0 million in Q2 2024, primarily due to ongoing investments in the electric transmission system [1]. The electric distribution segment saw earnings of $161.5 million, up from $149.7 million, largely due to higher revenues from base distribution rate increases and investments in the distribution system [1]. The natural gas distribution segment earned $35.3 million, up from $27.1 million, with improvements driven by base distribution rate increases in Massachusetts [1]. The water distribution segment reported earnings of $14.4 million, up from $8.0 million, primarily due to higher revenues and lower interest expense [1].

Eversource's parent and other companies incurred losses of $66.5 million in Q2 2025, up from $38.5 million in Q2 2024, mainly due to higher interest expense related to the sale of offshore wind projects [1]. For the first half of 2025, Eversource reported earnings of $903.5 million, or $2.45 per share, compared to $857.2 million, or $2.43 per share, in the first half of 2024 [1].

The company reaffirmed its 2025 earnings projection of between $4.67 per share and $4.82 per share, with a compound annual earnings per share growth rate within the range of 5 to 7 percent from a 2024 base of $4.57 per share [1].

References:
[1] Business Wire. (2025, July 31). Eversource Energy Reports Second-Quarter 2025 Results. Retrieved from https://www.businesswire.com/news/home/20250731069209/en/Eversource-Energy-Reports-Second-Quarter-2025-Results