Eversource Energy
- Open
- 70.43
- Day high
- 70.79
- Day low
- 69.60
- Prev close
- 70.50
- Volume
- 1.8M
- Mkt cap
- $26.5B
- P/E (TTM)
- 18.2
- EPS (TTM)
- $3.86
- P/B
- 1.6
- P/S
- 1.9
- Yield
- 4.37%
- Per share
- $3.08
- ▼Insiders net selling -$596K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions accumulating (13F)
Eversource Energy (ES) is a Utilities company listed on NYSE. The stock is up 11% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4). Drillr has 1 published research article covering ES.
Eversource Energy (ES) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ES earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 31, 2026 | $0.87 | $0.87 | -0.3% | $2.9B | -2.9% |
| May 7, 2026 | $1.59 | $1.73 | +8.8% | $4.5B | +7.1% |
| Feb 12, 2026 | $1.10 | $1.12 | +1.8% | $3.4B | -17.3% |
| Nov 4, 2025 | $1.15 | $1.19 | +3.5% | $3.2B | +1.7% |
| Jul 31, 2025 | $0.95 | $0.96 | +0.5% | $2.8B | -3.2% |
| May 1, 2025 | $1.51 | $1.50 | -0.7% | $4.1B | +11.9% |
| Jul 31, 2024 | $0.96 | $0.95 | -1.0% | $2.5B | -12.7% |
| May 1, 2024 | $1.46 | $1.49 | +2.1% | $3.3B | -9.7% |
| Feb 13, 2024 | $0.97 | $0.95 | -2.1% | $2.7B | -16.8% |
| May 3, 2023 | $1.34 | $1.41 | +5.2% | $3.8B | +17.7% |
| Feb 13, 2023 | $0.94 | $0.92 | -2.1% | $3.0B | +52.9% |
| Nov 2, 2022 | $1.03 | $1.01 | -1.9% | $3.2B | +21.5% |
ES insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 26, 2026 | Conner Penelope Mofficer: EVP-Cust Exp & Energy Strategy | Sell | 1,500 | $71.10 |
| Jun 5, 2026 | BUTLER GREGORY Bofficer: Executive VP & General Counsel | Sell | 7,000 | $69.88 |
| May 11, 2026 | Mudge W Robertother: Trustee | Buy | 750 | $66.48 |
| Mar 6, 2026 | Conner Penelope Mofficer: EVP-Cust Exp & Energy Strategy | Sell | 1,400 | $75.00 |
| Feb 25, 2026 | CLEVELAND COTTON Mother: Trustee | Sell | 2,581 | $74.87 |
| Feb 24, 2026 | Kim John Yother: Trustee | Sell | 6,000 | $73.56 |
| Feb 24, 2026 | Kim John Yother: Trustee | Sell | 6,339 | $74.49 |
| Feb 20, 2026 | Kim John Yother: Trustee | Sell | 6,000 | $73.57 |
| Feb 20, 2026 | Moreira John M.officer: EVP, CFO and Treasurer | Sell | 7,800 | $73.90 |
| Feb 20, 2026 | Kim John Yother: Trustee | Grant | 3,339 | — |
| Feb 19, 2026 | Williams Frederica Mother: Trustee | Sell | 2,581 | $73.32 |
| Feb 19, 2026 | FORRY LINDA DORCENAother: Trustee | Sell | 1,600 | $73.05 |
| Feb 19, 2026 | FORRY LINDA DORCENAother: Trustee | Sell | 981 | $73.07 |
| Feb 17, 2026 | Conner Penelope Mofficer: EVP-Cust Exp & Energy Strategy | Tax | 1,890 | $70.22 |
| Feb 17, 2026 | Sgroi Susanofficer: EVP, HR and IT | Tax | 837 | $70.22 |
Source: ES SEC Form 4 filings, latest Aug 26, 2026. For informational purposes only — not investment advice.
See the full ES insider & 13F page →Eversource Energy company profile
Overview
Eversource Energy (NYSE:ES) is a major regulated electric utility holding company founded through the consolidation of several New England utilities, with roots dating back to the early 20th century. Originally known as Northeast Utilities, the company rebranded to Eversource Energy in April 2015. Based in Springfield, Massachusetts, Eversource has evolved from a traditional electric utility into a comprehensive energy services provider serving approximately 4.4 million customers across Connecticut, Massachusetts, and New Hampshire. The company has undergone significant strategic transformation in recent years, divesting its offshore wind investments to focus exclusively on regulated utility operations while investing heavily in grid modernization and clean energy infrastructure.
Business
Eversource Energy operates as a regulated utility company providing essential energy and water services across New England. The utility industry is characterized by natural monopolies where companies are granted exclusive service territories in exchange for regulatory oversight of rates and service quality. This regulatory framework provides predictable revenue streams but requires approval for major investments and rate changes. The company operates through four primary business segments. Electric Distribution represents the largest segment, delivering electricity to homes and businesses through local power lines and substations, generating approximately 40-45% of total revenues. This involves maintaining the "last mile" infrastructure that connects the regional transmission grid to individual customers. Electric Transmission accounts for roughly 35-40% of revenues and involves operating high-voltage power lines that transport electricity across regions and between states. These transmission assets are critical infrastructure that enables electricity to flow from power plants to local distribution networks. Natural Gas Distribution contributes approximately 15-20% of revenues through the delivery of natural gas to residential, commercial, and industrial customers via underground pipeline networks. Unlike electricity, natural gas can be stored and transported through dedicated pipeline infrastructure. Water Distribution represents the smallest segment at roughly 2-3% of revenues, providing water services to approximately 226,000 customers through the Aquarion Water subsidiary, though the company has announced plans to divest this business. The company also maintains regulated water utilities and has historically invested in offshore wind projects, though it has recently exited the offshore wind business to focus exclusively on regulated utility operations. Eversource serves diverse customer types including residential households, commercial businesses, industrial facilities, municipal entities, and fire protection services across its three-state service territory.
Revenue model
Eversource generates revenue through regulated utility rate structures approved by state public utility commissions. The company earns returns on invested capital through rate base mechanisms, where regulators allow the utility to recover operating costs plus earn a regulated return on prudent infrastructure investments. This model provides predictable cash flows but requires regulatory approval for rate increases and major capital expenditures. Electric transmission and distribution revenues come from delivery charges that customers pay regardless of their electricity supplier, as Eversource maintains the physical infrastructure. Natural gas distribution operates similarly, with the company earning delivery fees for transporting gas through its pipeline network. Water distribution generates revenue through monthly water service fees and usage charges. The company's profitability is influenced by several key factors. Regulatory relationships significantly impact margins, as favorable regulatory treatment enables faster recovery of capital investments and higher authorized returns on equity. Connecticut has presented particular challenges, with the company reducing planned investments due to regulatory uncertainty. Infrastructure investment cycles drive long-term growth, as utilities earn returns on new capital deployed for grid modernization, clean energy interconnection, and system reliability improvements. Weather patterns affect both electric and gas demand, with extreme temperatures driving higher usage and revenues. Economic conditions in the service territory influence commercial and industrial demand. Commodity price volatility has limited direct impact since Eversource primarily earns delivery fees rather than selling the actual energy commodities. Interest rates affect the company's cost of capital and financing costs for its capital-intensive operations. Clean energy mandates create both opportunities for infrastructure investment and potential stranded asset risks as the energy system transitions away from fossil fuels.
Competitive moat
Eversource possesses a strong regulatory moat typical of regulated utilities, operating as natural monopolies within their designated service territories. The company's infrastructure assets - transmission lines, distribution networks, substations, and pipeline systems - represent billions of dollars in sunk costs that would be prohibitively expensive for competitors to duplicate. Regulatory barriers to entry are extremely high, as new entrants would need to obtain franchise rights from state commissions and justify the economic inefficiency of duplicating existing infrastructure. The moat strength varies by business segment and geography. Electric transmission represents the strongest moat, as these regional assets are essential for grid reliability and face minimal substitution risk. Electric distribution maintains a solid moat but faces emerging challenges from distributed energy resources like rooftop solar and battery storage, which could reduce customer dependence on the central grid over time. Natural gas distribution faces longer-term disruption risks from electrification policies and decarbonization mandates that could reduce gas demand. The primary competitive threats come from regulatory and policy changes rather than direct competition. State policies promoting energy efficiency, distributed generation, and electrification could erode traditional utility business models. Technological disruption from microgrids, advanced battery storage, and peer-to-peer energy trading could theoretically bypass utility infrastructure, though such scenarios remain largely theoretical given current technology costs and regulatory frameworks. Regulatory capture risk represents the most significant moat vulnerability, as demonstrated by Eversource's challenges in Connecticut where political tensions have led to reduced capital investment plans. The company's moat strength ultimately depends on maintaining constructive relationships with regulators and demonstrating value to customers through reliable service and reasonable rates.
Risks & safety
Eversource exhibits moderate financial safety with typical utility sector characteristics of high leverage but stable cash flows. • Liquidity position: Limited cash reserves of $111 million as of Q1 2025, but utilities typically maintain minimal cash due to predictable cash flows and access to credit facilities • Debt levels: High debt-to-equity ratio of 1.32x, typical for capital-intensive utilities but requiring careful management • Current ratio: Below 1.0x at 0.75x indicates potential short-term liquidity pressure, though common in utility sector given predictable cash flows • Cash flow generation: Strong operating cash flow of $1.04 billion in Q1 2025, with free cash flow of $33 million after heavy capital expenditures • Valuation metrics: P/E ratio of 10.4x appears reasonable for a utility, EV/EBITDA of 9.3x within normal utility range • Credit considerations: Management targeting improvement in FFO-to-debt ratio above 14-15%, indicating focus on credit metrics • Capital intensity: Planned $24.2 billion capital investment over five years requires careful financing management • Regulatory recovery: Revenue recovery depends on regulatory approval, creating execution risk for capital programs
Recent development
Eversource has undergone significant strategic transformation over the past several years, fundamentally reshaping its business focus and capital allocation priorities. The most notable strategic pivot involved exiting the offshore wind business, with the company completing sales of its South Fork, Revolution, and Sunrise Wind projects to partners including Global Infrastructure Partners and Ørsted. This divestiture, completed through 2024, generated approximately $1.1 billion in cash proceeds while allowing Eversource to focus exclusively on regulated utility operations. The company has simultaneously launched a major infrastructure investment program, committing $24.2 billion over five years through 2028 with an 8% projected rate base growth. Key initiatives include Advanced Metering Infrastructure (AMI) deployment across Massachusetts, grid modernization projects, and substantial transmission investments including over a dozen new substations planned for Eastern Massachusetts. The company has also advanced innovative projects like the $1.5-1.6 billion underground substation project in Cambridge and network geothermal pilot programs. Portfolio optimization efforts include the planned divestiture of the Aquarion Water business for $2.4 billion, expected to close by year-end 2025. This sale represents another step toward becoming a pure-play electric and gas utility. The company has also made strategic acquisitions, including the Mystic site for potential energy interconnection projects. Regulatory strategy evolution has become increasingly important, with the company reducing planned investments in Connecticut by $500 million due to regulatory challenges while simultaneously pursuing performance-based ratemaking in New Hampshire and advancing clean energy programs in Massachusetts. The company has secured significant federal funding, including $90 million for a clean energy hub in Connecticut and $20 million for battery storage projects, demonstrating successful navigation of emerging funding opportunities.
ES company profile · for informational purposes only — not investment advice.
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