Eversource Energy (NYSE: ES) reported full-year 2025 net income of $1.69 billion, or $4.56 per share, compared with $811.7 million, or $2.27 per share, in 2024. Adjusted recurring earnings reached $1.77 billion, or $4.76 per share, up from $1.63 billion, or $4.57 per share, the previous year.
Fourth-quarter net income totaled $421.3 million, or $1.12 per share, compared with $72.5 million, or $0.20 per share, in the fourth quarter of 2024. Adjusted fourth-quarter earnings were $421.3 million, or $1.12 per share, compared with $370.8 million, or $1.01 per share, in the prior-year period. Results for 2025 included a $75 million after-tax charge linked to updated liabilities related to the sale of offshore wind projects to Global Infrastructure Partners.
By contrast, 2024 results reflected a $524 million after-tax charge related to offshore wind divestitures and an additional loss associated with the planned sale of Aquarion Water Company. These items were excluded from adjusted results.
Company leadership said the year’s performance reflected steady operations, improved cash generation, and progress on strengthening the balance sheet. Chairman, President and Chief Executive Officer Joe Nolan said collaboration with regulators and disciplined management helped the company navigate a period of policy and market change while maintaining service reliability. He added that Eversource will continue to focus on affordability for customers, careful capital allocation, and the use of technology to improve grid resilience and service quality.
For 2026, Eversource expects earnings in the range of $4.80 to $4.95 per share and anticipates annual earnings growth of 5 to 7 percent through 2030 based on 2025 adjusted results. The company also announced a $26.5 billion capital plan for 2026 through 2030, an increase from its previous forecast, with most spending directed toward strengthening electric and natural gas distribution systems.
The program is intended to support reliability, demand growth, and clean-energy goals. Eversource plans to raise $800 million to $1.1 billion in equity over the forecast period to help fund investments. Segment performance showed gains in transmission, electric distribution, and natural gas operations, while water operations remained steady. Parent-level results reflected higher interest costs following asset sales but improved in the fourth quarter due to cost-recovery approvals tied to regulatory settlements.
Eversource (NYSE: ES), widely recognized for its leadership in sustainability and corporate responsibility, was named one of Newsweek’s America’s Most Responsible Companies for 2026 and ranked the #1 utility on USA Today’s 2025 list of America’s Climate Leaders. The company delivers electricity, natural gas, and water to about 4.6 million customers across Connecticut, Massachusetts, and New Hampshire.
Known as the nation’s top energy efficiency provider, Eversource unites more than 10,000 employees across three states around a shared mission to safely provide reliable energy and water with outstanding customer service. The company is also advancing a cleaner energy future in the Northeast through award-winning efficiency programs and innovative projects that integrate renewable and emerging technologies—such as networked geothermal systems, solar power, offshore wind, electric vehicles, and battery storage—into the grid.
