Eversource Energy Reports Strong 2025 Results, Raises 2026 EPS Guidance, and Boosts 5-Year Capital Plan
Summary
Eversource Energy reported 2025 earnings in line with guidance, issued positive 2026 EPS guidance, and announced a significantly increased five-year capital investment plan.
Key Events
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Strong 2025 Financial Performance
Reported full-year 2025 non-GAAP recurring EPS of $4.76, meeting its updated guidance range of $4.72-$4.80 per share.
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Positive 2026 Earnings Guidance
Projected 2026 EPS between $4.80 and $4.95, indicating continued earnings growth.
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Increased 5-Year Capital Investment Plan
Unveiled a new $26.5 billion investment plan for 2026-2030, an increase of $2.3 billion over the previous plan, primarily for electric and natural gas distribution.
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Long-Term Growth Outlook Reaffirmed
Reaffirmed a cumulative long-term EPS growth rate of 5-7% through 2030, using 2025 non-GAAP results as the base year.
Analysis
Eversource Energy delivered solid financial results for full-year 2025, with non-GAAP recurring EPS of $4.76, aligning with its updated guidance. The company provided a positive outlook for 2026, projecting EPS between $4.80 and $4.95, and reaffirmed its long-term EPS growth target of 5-7% through 2030. A significant highlight is the increased five-year capital investment plan to $26.5 billion for 2026-2030, an increase of $2.3 billion, signaling robust infrastructure development and future rate base growth. While the plan includes an equity raise of $800 million to $1.1 billion over the forecast period, this is a manageable amount for a utility of this size, supporting its substantial capital expenditures.
At the time of this filing, ES was trading at $69.96 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $26.4B. The 52-week trading range was $52.28 to $75.25. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.