\nAdd after last table of release dated February 12, 2026: “CONSOLIDATED STATEMENTS OF INCOME\/(LOSS)” table.<\/p>\n
\nThe updated release reads:<\/p>\n
EVERSOURCE ENERGY REPORTS FULL-YEAR & FOURTH QUARTER 2025 RESULTS<\/b><\/p>\n
\nEversource Energy (NYSE: ES) today reported full-year 2025 earnings of $1.69 billion, or $4.56 per share, compared with full-year 2024 earnings of $811.7 million, or $2.27 per share. Non-GAAP recurring earnings totaled $1.77 billion1<\/sup>, or $4.76 per share1<\/sup>, for the full-year 2025, compared with $1.63 billion1<\/sup>, or $4.57 per share1<\/sup>, for the full-year 2024. The Company’s 2025 updated non-GAAP recurring earnings guidance was between $4.72 and $4.80 per share1<\/sup>.<\/p>\n \nEversource reported fourth quarter 2025 earnings of $421.3 million, or $1.12 per share, compared with fourth quarter 2024 earnings of $72.5 million, or $0.20 per share. Non-GAAP earnings totaled $421.3 million, or $1.12 per share, in the fourth quarter of 2025 and $370.8 million1<\/sup>, or $1.01 per share1<\/sup>, in the fourth quarter of 2024.<\/p>\n \nResults for the full-year 2025 include an aggregate net after-tax loss of $75.0 million, or $0.20 per share, related to an increase in Eversource\u2019s liability for expected future payments to Global Infrastructure Partners as part of the September 30, 2024 sale of the South Fork Wind and Revolution Wind projects, net of tax benefits associated with the tax losses on the sale of these projects. Results for the full-year 2024 include an aggregate net after-tax loss of $524.0 million, or $1.47 per share, related to Eversource completing the sales of its offshore wind investments. Also, in the fourth quarter 2024, the Company recorded an after-tax loss of $298.3 million related to the pending sale of the Aquarion Water Company. The full year 2024 impact of this loss was $0.83 per share, while the fourth quarter 2024 impact was $0.81 per share. These impacts are excluded from non-GAAP recurring earnings.<\/p>\n \n\u201cIn 2025, we executed on our priorities of delivering solid operational and financial results, strengthening our balance sheet, and improving cash flow from operations. We also made significant progress in achieving constructive regulatory outcomes by working collaboratively with our regulators during a time of extensive change at the state and federal levels. This solid execution would not have been possible without our highly dedicated team of nearly 11,000 employees who work expertly and passionately to serve our communities and customers,\u201d said Eversource Chairman, President and Chief Executive Officer Joe Nolan.<\/p>\n \n\u201cLooking ahead to 2026, we will continue to focus on energy affordability for our customers, making prudent investments and exercising cost discipline. We’ll also continue to adopt innovative technology solutions to improve our delivery of safe, reliable and affordable energy that our customers need and deserve. We are very excited about Eversource\u2019s future as a pure-play regulated utility company with solid growth opportunities,\u201d said Nolan.<\/p>\n Annual Outlook, 5-year Investment Plan and Financing Activity<\/span><\/b><\/p>\n \nEversource Energy’s annual projection for 2026 earnings is between $4.80 per share and $4.95 per share. The Company also expects that its cumulative long-term earnings per share growth rate would be within the range of 5 to 7 percent through 2030, using the 2025 non-GAAP results of $4.76 per share1<\/sup> earned as the base year. In addition, the Company expects annual earnings growth towards the upper half of its long-term guidance by 2028.<\/p>\n \nEversource released its new five-year $26.5 billion investment plan for the years 2026 to 2030, which is an increase of $2.3 billion dollars over its previous plan of $24.2 billion and an increase of $1.5 billion for the years 2025 to 2029. Both time periods exclude any capital investments related to Aquarion Water Company. This increase is primarily due to higher electric and natural gas distribution investment. These investments enable Eversource to continue to provide customers with safe and reliable service, support load growth and clean energy objectives for the Eversource territory.<\/p>\n \nEversource expects to raise equity in the range of $800 million to $1.1 billion, excluding the annual equity issuances related to its dividend reinvestment and equity compensation programs, over its forecast period of 2026-2030. This equity raise is not impacted by the status of the potential sale of Aquarion.<\/p>\n Electric Transmission<\/span><\/b><\/p>\n \nEversource\u2019s transmission segment earned $776.7 million in 2025, compared with earnings of $724.6 million in 2024. Transmission earnings were $183.7 million in the fourth quarter of 2025, compared with $184.0 million in the fourth quarter of 2024. Transmission segment results improved due primarily to continued investment in Eversource\u2019s electric transmission system. Fourth quarter results were slightly lower due primarily to the absence of a carrying charge benefit recorded in the prior year.<\/p>\n Electric Distribution<\/span><\/b><\/p>\n \nEversource\u2019s electric distribution segment earned $667.1 million in 2025, compared with earnings of $631.7 million in 2024. Electric distribution earned $95.5 million in the fourth quarter of 2025, compared with earnings of $110.4 million in the fourth quarter of 2024. Fourth quarter and full year 2025 earnings were negatively impacted by a charge to earnings for customer credits at NSTAR Electric as a result of the joint settlement agreement approved in Massachusetts on December 1, 2025. Improved full-year results were due primarily to higher revenues from base distribution rate increases at Eversource’s New Hampshire and Massachusetts electric businesses, and continued investments in our distribution system. The higher revenues were partially offset by higher interest expense, higher non-tracked operations and maintenance expense (O&M), as well as higher property taxes and depreciation.<\/p>\n Natural Gas Distribution<\/span><\/b><\/p>\n \nEversource\u2019s natural gas distribution segment earned $360.5 million in 2025, compared with earnings of $291.0 million in 2024. Natural gas distribution earned $123.6 million in the fourth quarter of 2025, compared with earnings of $103.4 million in the fourth quarter of 2024. Improved full-year and fourth-quarter results were due primarily to higher revenues from base distribution rate increases at Eversource’s Massachusetts natural gas businesses to recover continued investment in our natural gas infrastructure, as well as a base distribution rate increase at Yankee Gas effective November 1, 2025. The higher revenues were partially offset by higher O&M, which included a charge resulting from penalties recorded as part of NSTAR Gas’ settlement agreement with the Attorney General in December 2025 and an unfavorable impact from the Yankee Gas rate case decision, higher depreciation, interest and property tax expense.<\/p>\n Water Distribution<\/span><\/b><\/p>\n \nEversource\u2019s water distribution segment, excluding the prior year loss on the pending sale noted above, earned $44.2 million in 2025, compared with earnings of $44.6 million1<\/sup> in 2024. Water distribution earned $7.4 million in the fourth quarter of 2025, compared with earnings of $7.5 million1<\/sup> in the fourth quarter of 2024. Results in both periods were comparable to prior year results.<\/p>\n Eversource Parent and Other Companies<\/span><\/b><\/p>\n \nEversource parent and other companies, excluding the net losses from offshore wind, lost $(81.1) million1<\/sup> in 2025 compared with $(57.9) million1<\/sup> in 2024, and earned $11.1 million in the fourth quarter of 2025, compared to losses of $(34.5) million1<\/sup> in the fourth quarter of 2024. The full year loss is driven by higher interest expense due primarily to the absence of capitalized interest as a result of the sale of our offshore wind projects in the third quarter of 2024, partially offset by a lower effective tax rate. Fourth quarter and full year 2025 results also include a benefit from the approved recovery of costs to acquire Eversource Gas Company of Massachusetts (EGMA) as part of the Massachusetts joint settlement agreement approved on December 1, 2025.<\/p>\n Eversource Energy Consolidated Earnings<\/span><\/b><\/p>\n \nThe following table reconciles 2025 and 2024 fourth quarter and full-year GAAP earnings per share including the effects of share dilution in 2025:<\/p>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20260212250444\/en\/451687\/3\/Eversource_energy_rgb_color_logo.jpg\"){kind=logo}
<\/td>\n<\/tr>\n