Eversource Energy, through its subsidiaries including NSTAR Electric Company, reported a significant increase in financial performance for the third quarter of 2025, with net income attributable to common shareholders reaching $367.5 million, or $0.99 per share, compared to a net loss of $118.1 million, or $0.33 per share, in the same period last year. For the first nine months of 2025, the company recorded net income of $1.27 billion, or $3.44 per share, up from $739.1 million, or $2.08 per share, in the prior year. The results reflect a strong recovery from previous losses, particularly due to improved operational efficiencies and regulatory recoveries.
Operating revenues for the third quarter increased by $157.4 million to $3.22 billion, driven by higher revenues from electric distribution and transmission services. The increase in revenues was attributed to base distribution rate increases at PSNH and NSTAR Electric, effective August 1, 2024, and January 1, 2025, respectively. Additionally, the company benefited from a favorable regulatory environment, which allowed for the recovery of certain costs through tracking mechanisms. Operating expenses also rose, totaling $2.53 billion, primarily due to increased costs associated with purchased power and natural gas, as well as higher depreciation and maintenance expenses.
In terms of operational metrics, Eversource reported a total of 4.6 million customers across its electric, natural gas, and water services. The company has continued to invest in infrastructure, with capital expenditures amounting to $3.18 billion in the first nine months of 2025, slightly down from $3.29 billion in the same period of 2024. The company is also in the process of selling its Aquarion water distribution business for approximately $2.4 billion, which is expected to close in late 2025. The proceeds from this sale are intended to be used to reduce debt.
Looking ahead, Eversource has narrowed its 2025 non-GAAP earnings guidance to a range of $4.72 to $4.80 per share, excluding the impact of charges related to offshore wind investments. The company anticipates a long-term earnings growth rate of 5 to 7 percent through 2029. Eversource's management remains optimistic about future performance, citing ongoing investments in infrastructure and regulatory support as key drivers of growth. However, the company also acknowledges potential risks, including regulatory changes and market conditions that could impact its operations and financial results.
About NSTAR ELECTRIC CO
Eversource Energy is a utility holding company providing electric, natural gas, and water services across New England. Its core operations include regulated distribution, transmission, and renewable energy generation through subsidiaries serving residential, commercial, and industrial customers. The company emphasizes reliable energy delivery, regulatory compliance, and investments in renewable projects, operating a diversified business model focused on essential infrastructure and energy services.
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