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ESEversource Energy
$74.75$28.1B
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ES logoEversource Energy(ES)Earnings, Financials & Key Ratios

ES•NYSE•Utilities
$74.75
16.4× P/E·Price updated Jul 7, 2026
SectorUtilitiesIndustryElectric UtilitiesSub-IndustryElectric and gas combination utilities
AboutEversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas. The company operates regulated water utilities that provide water services to approximately 226,000 customers. It serves residential, commercial, industrial, municipal and fire protection, and other customers in Connecticut, Massachusetts, and New Hampshire. The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy is based in Springfield, Massachusetts.Show more
  • Revenue$13.55B+13.8%
  • EBITDA$5.39B+20.3%
  • Net Income$1.69B+108.5%
  • Free Cash Flow-$45M+98.1%
  • EBITDA Margin39.81%+5.7%
  • Net Margin12.49%+83.2%
  • ROE10.73%+95.1%
  • Interest Coverage2.40+13.4%
  • Debt/Equity1.85-3.4%

ES Price & Volume

Eversource Energy (ES) stock price & volume — 10-year historical chart

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Regulated Pivot Amidst Persistent Capital Intensity

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Regulatory recovery lag intensity

Key Thesis Takeaways

  • Eversource Energy is currently navigating a strategic transition toward a pure-play regulated utility model following the divestiture of offshore wind assets, which has caused significant earnings volatility including a $1.3 billion loss in 2023Q4.
  • While the company is expanding its rate base with net PPE growing to $46.5 billion as of 2026Q1, investors should remain cautious regarding the impact of elevated leverage and regulatory recovery lags on long-term profitability.
  • Future performance will likely depend on the company's ability to stabilize operating margins, which have fluctuated between 20.0% and 25.4% over the last ten quarters, while managing its substantial $30.3 billion debt load.

Verdict Logic

while the 4.5x OCF-to-dividend coverage ratio in 2026Q1 suggests improved payout sustainability, the 3.14 PEG ratio and ongoing regulatory uncertainty warrant a cautious wait-and-see approach.

ES Growth Metrics

Eversource Energy (ES) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.47%
5 Years8.75%
3 Years3.3%
TTM9.83%

Profit CAGR

10 Years6.78%
5 Years7.03%
3 Years6.4%
TTM108%

EPS CAGR

10 Years5.15%
5 Years5.13%
3 Years4.03%
TTM101.72%

Return on Capital

10 Years5.3%
5 Years5.1%
3 Years5.27%
Last Year5.49%

ES Recent Earnings

Eversource Energy (ES) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 6, 2026
Metric
Actual
Est
EPS
$1.73+6.1%
$1.63
Rev
$4.5B+7.1%
$4.2B
Q1 2026
Feb 12, 2026
Metric
Actual
Est
EPS
$1.12+1.8%
$1.10
Rev
$3.4B+24.2%
$2.7B
Q4 2025
Nov 4, 2025
Metric
Actual
Est
EPS
$1.19+3.5%
$1.15
Rev
$3.2B+1.7%
$3.2B
Q3 2025
Jul 31, 2025
Metric
Actual
Est
EPS
$0.96+0.5%
$0.95
Rev
$2.8B-3.2%
$2.9B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 6, 2026
$1.73vs $1.63+6.1%
$4.5Bvs $4.2B+7.1%
Q1 2026Feb 12, 2026
$1.12vs $1.10+1.8%
$3.4Bvs $2.7B+24.2%
Q4 2025Nov 4, 2025
$1.19vs $1.15+3.5%
$3.2Bvs $3.2B+1.7%
Q3 2025Jul 31, 2025
$0.96vs $0.95+0.5%
$2.8Bvs $2.9B-3.2%
Based on last 12 quarters of dataView full earnings history →

Latest ES News

Recent stock market news and headlines for Eversource Energy (ES)

GlobeNewsWire·Jun 30, 2026
Eversource Energy Completes the Sale of Aquarion Water Company

HARTFORD, Conn. and BOSTON, June 30, 2026 (GLOBE NEWSWIRE) -- Eversource Energy (NYSE:ES) (“Eversource”) today announced that it has successfully completed the sale of Aquarion Water Company (“AWC”), consistent with all regulatory terms and requirements, to Aquarion Water Authority (“AWA”), a quasi-public corporation and political subdivision of the State of Connecticut and a standalone water authority alongside the South Central Connecticut Regional Water Authority (“RWA”).

Zacks Investment Research·Jun 23, 2026
CNP vs. ES: Which Utility Stock Offers Better Return Potential?

CenterPoint Energy and Eversource Energy both benefit from rising power demand and grid investments, but debt, ROE, dividends and price gains set up a sharper utility stock comparison.

Peers Comparison

Key metrics vs top competitors for Eversource Energy (ES)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ES logoESEversource EnergyCurrent
$74.75$28.09B16.3913.83%12.49%10.73%3.94%
ED logoEDConsolidated Edison, Inc.
$112.99$41.64B20.0310.89%12.52%8.82%—
PPL logoPPLPPL Corporation
$36.39$27.38B22.746.85%13.09%8.32%—
EIX logoEIXEdison International
$75.74$29.14B6.569.76%18.87%19.39%—
FE logoFEFirstEnergy Corp.
$48.39$27.99B27.4912.01%6.86%7.55%—
AEE logoAEEAmeren Corporation
$114.43$31.66B21.3915.43%17.17%11.6%—

Compare ES vs Peers

Eversource Energy (ES) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ED

Most directly comparable listed peer for ES.

Scale Benchmark

vs GE

Larger-name benchmark to compare ES against a more recognizable public peer.

Peer Set

Compare Top 5

vs ED, PPL, EIX, FE

ES SEC Filings & Documents

Eversource Energy (ES) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 6, 2026·SEC

Material company update

May 6, 2026·SEC

Material company update

Mar 31, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 14, 2025·SEC

FY 2024

Feb 14, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 4, 2025·SEC

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ES Frequently Asked Questions

Eversource Energy (ES) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Eversource Energy's revenue?

Eversource Energy (ES) reported $13.93B in revenue for fiscal year 2025. This represents a 267% increase from $3.79B in 1996.

How fast is Eversource Energy growing?

Eversource Energy (ES) grew revenue by 13.8% over the past year. This is steady growth.

Is ES profitable?

Yes, Eversource Energy (ES) is profitable, generating $1.75B in net income for fiscal year 2025 (12.5% net margin).

Dividend & Returns
Does ES pay dividends?

Yes, Eversource Energy (ES) pays a dividend with a yield of 3.94%. This makes it attractive for income-focused investors.

What is ES's return on equity?

Eversource Energy (ES) has a return on equity (ROE) of 10.7%. This is reasonable for most industries.

What is Eversource Energy's free cash flow?

Eversource Energy (ES) generated $236.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics
Is ES's dividend sustainable?

Eversource Energy (ES) has a dividend payout ratio of 65%. This suggests the dividend is well-covered and sustainable.

What if you invested $1,000 in ES back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →