**Eversource Energy and Subsidiaries Report Annual Financial Performance**

Eversource Energy (ES), along with its subsidiaries, reported a net income attributable to common shareholders of $1.69 billion, or $4.56 per share, for the fiscal year ending December 31, 2025. This represents a significant increase compared to the $811.7 million, or $2.27 per share, reported for the previous fiscal year. The company's financial results were impacted by an aggregate, net after-tax charge of $75 million, or $0.20 per share, related to previous offshore wind investments. Excluding this charge, the non-GAAP earnings for 2025 were $1.77 billion, or $4.76 per share. In comparison, the non-GAAP earnings for 2024, excluding a loss on the sale of offshore wind investments and a loss on the pending sale of Aquarion, were $1.63 billion, or $4.57 per share.

The company's electric distribution segment reported net income of $667.1 million, an increase from $631.7 million in the prior year, driven by higher revenues from base distribution rate increases and CL&P's capital tracking mechanism. The electric transmission segment also saw an increase in net income, reporting $776.7 million compared to $724.6 million in 2024, primarily due to a higher transmission rate base. The natural gas distribution segment reported a net income of $360.5 million, up from $291.0 million in the previous year, attributed to higher revenues from base distribution rate increases. The water distribution segment, excluding the loss on the pending sale, reported a net income of $44.2 million, a slight decrease from $44.6 million in 2024.

Operationally, Eversource's electric distribution segment served approximately 1.32 million customers in Connecticut through CL&P, 1.62 million customers in Massachusetts through NSTAR Electric, and 549,000 customers in New Hampshire through PSNH. The natural gas distribution segment served approximately 306,000 customers through NSTAR Gas, 335,000 customers through EGMA, and 256,000 customers through Yankee Gas. The water distribution segment served approximately 249,000 customers in Connecticut, Massachusetts, and New Hampshire through Aquarion. The company's employee headcount as of December 31, 2025, was 10,731, excluding temporary employees.

Looking ahead, Eversource projects earnings within a guidance range of $4.80 to $4.95 per share for 2026. The company also anticipates a long-term EPS growth rate of 5 to 7 percent through 2030, using the 2025 non-GAAP EPS of $4.76 as the base year. The company plans to make capital expenditures of $26.51 billion from 2026 through 2030, with significant investments in electric distribution, natural gas distribution, and electric transmission infrastructure. These forward-looking statements are subject to various risks and uncertainties, including cyber events, regulatory actions, extreme weather, and changes in economic conditions.

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.

This description was generated via AI from an annual report. Updated 9 months ago.

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