Eversource Energy Reports Positive Q1 Earnings Amid Challenges

HARTFORD, Conn. — Eversource Energy reported strong earnings for the first quarter of 2025, showcasing resilience despite facing regulatory uncertainties and potential operational challenges. The company announced earnings of $550.8 million, or $1.50 per share, a slight increase from $521.8 million, or $1.49 per share, in the same period last year.

During its recent earnings call, executives expressed optimism about the company’s growth trajectory, emphasizing significant advances in its transmission and distribution sectors. Eversource expects a long-term earnings per share growth rate of 5% to 7% through 2029, alongside an 8% increase in rate base over the next five years.

Chairman and CEO Joe Nolan highlighted the company’s strategic plan to strengthen its balance sheet, including the anticipated divestiture of its water utility, Aquarion, later in 2025. Nolan stated, “Eversource is off to a positive start to 2025, once again achieving strong operational and financial results.”

The company is also making headway in its Advanced Metering Infrastructure project in Massachusetts, with 40% of the communication network complete and a targeted completion by July. Eversource aims to enhance its digital customer experience and has reduced gas rates for Massachusetts customers by about 10% to address regulatory and customer concerns.

Despite the positive outlook, Eversource acknowledged potential risks, including tariff impacts and supply chain disruptions that could increase project costs by 3% to 6%. The company is actively working to mitigate these effects through supply chain diversification.

In the transmission segment, earnings rose to $199.4 million from $176.7 million the previous year, driven by ongoing investments. The electric distribution segment also saw growth, earning $188.4 million, compared to $168.1 million in 2024.

Market analysts project that Eversource’s revenue will grow by 5.3% annually, although regulatory challenges may temper this growth. Currently, the company’s share price sits at $59.42, with an analyst consensus target of $68.74, suggesting a potential appreciation of 13.6%.

The call ended on an optimistic note, reinforcing the company’s commitment to its vision of becoming a leading pure-play regulated utility, prepared to meet both investor expectations and customer needs effectively.