Eversource 2025 Q1 Earnings Strong Net Income Growth of 5.5%

Eversource (ES) reported its fiscal 2025 Q1 earnings on May 01st, 2025. Revenue grew 23.6% to $4.12 billion from $3.33 billion in the previous year, indicating a robust performance. Eversource's earnings per share (EPS) came in at $1.50, slightly missing the estimates of $1.56 per share. The company reaffirmed its guidance for fiscal year 2025, maintaining an earnings projection between $4.67 and $4.82 per share, aligning with market expectations. The long-term EPS growth rate remains at 5% to 7% through 2029.

Revenue

Earnings/Net Income
Eversource's EPS increased marginally by 0.7% to $1.50 in 2025 Q1 from $1.49 in 2024 Q1, continuing its earnings growth trajectory. Net income reached $552.67 million, a 5.5% increase from $523.73 million in the previous year, achieving a record high for fiscal Q1 net income in over two decades. The EPS performance reflects modest improvement.

Price Action

Post-Earnings Price Action Review
Eversource's stock exhibited a mixed performance following its earnings report. Although the 3-Day, 10-Day, and 30-Day win rates were 40.00%, 45.00%, and 55.00%, respectively, suggesting a tendency for short-term gains post-earnings, the average returns over these periods were slightly negative at -1.01%, -0.68%, and -0.76%. The maximum return recorded was a modest 0.63% on day 21. While revenue, net income, and EPS are crucial indicators influencing stock performance, the backtest results show a modest overall impact on Eversource's stock, with slight declines in the immediate aftermath of the earnings release. Investors should weigh these factors alongside specific earnings metrics when evaluating the stock's potential trajectory.

CEO Commentary

Guidance

Additional News
Recent developments at Eversource Energy include strategic changes and recognition. The company announced the divestiture of its Aquarion water business, a move expected to strengthen its balance sheet and focus on becoming a pure-play regulated utility. This strategic shift is anticipated to close later in 2025. Eversource was also recognized as one of America's Climate Leaders for 2025 by USA TODAY, reflecting its commitment to sustainability. Additionally, the company's Board of Trustees approved a common dividend of $0.7525 per share, payable on June 30, 2025, to shareholders of record as of May 15, 2025. These developments highlight Eversource's strategic focus and commitment to shareholder returns.