Eversource Energy, through its subsidiaries including NSTAR Electric Company, reported a significant increase in financial performance for the second quarter of 2025. The company generated operating revenues of $2.84 billion, a 12% increase from $2.53 billion in the same quarter of 2024. Net income attributable to common shareholders rose to $352.7 million, or $0.96 per share, compared to $335.3 million, or $0.95 per share, in the prior year. For the first half of 2025, Eversource's revenues reached $6.96 billion, up from $5.87 billion in the first half of 2024, with net income increasing to $903.5 million from $857.2 million.
The company attributed its improved performance to several factors, including base distribution rate increases at PSNH and NSTAR Electric, effective August 1, 2024, and January 1, 2025, respectively. Additionally, Eversource benefited from a higher transmission rate base due to ongoing investments in infrastructure. Operating income for the second quarter was reported at $663 million, up from $602.5 million a year earlier, while total operating expenses increased to $2.18 billion from $1.93 billion, driven by higher depreciation and maintenance costs.
In terms of operational metrics, Eversource's customer base remains stable, serving approximately 4.6 million electric, natural gas, and water customers across Connecticut, Massachusetts, and New Hampshire. The company reported a slight increase in electric sales volumes, with total sales reaching 11,938 GWh for the second quarter, reflecting a 0.4% increase compared to the previous year. Natural gas sales volumes also saw a notable rise of 5.4% to 26,161 MMcf, driven by increased demand.
Strategically, Eversource is in the process of selling its Aquarion water distribution business for an estimated $2.4 billion, which is expected to close in late 2025. The proceeds from this sale are intended to reduce debt. The company also entered into an equity distribution agreement to sell up to $1.2 billion of common shares, with $218 million raised in the second quarter. Looking ahead, Eversource reaffirmed its earnings guidance for 2025, projecting earnings per share between $4.67 and $4.82, and a long-term growth rate of 5% to 7% through 2029.
About NSTAR ELECTRIC CO
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