ES Q2 2025 Earnings
Reported Jul 31, 2025 at 4:20 PM ET · SEC Source
Q2 25 EPS
$0.96
BEAT +0.96%
Est. $0.95
Q2 25 Revenue
$2.84B
MISS 3.11%
Est. $2.93B
vs S&P Since Q2 25
-7.9%
TRAILING MARKET
ES +8.0% vs S&P +15.9%
Market Reaction
Did ES Beat Earnings? Q2 2025 Results
Eversource Energy posted a mixed but broadly encouraging second quarter, delivering earnings per share of $0.96 against a consensus estimate of $0.95, a beat of 0.96%, even as revenue of $2.84 billion trailed analyst expectations of $2.93 billion by … Read more Eversource Energy posted a mixed but broadly encouraging second quarter, delivering earnings per share of $0.96 against a consensus estimate of $0.95, a beat of 0.96%, even as revenue of $2.84 billion trailed analyst expectations of $2.93 billion by 3.11%. Despite the top-line shortfall, revenues still climbed 12.0% year over year, underscoring the underlying momentum in the company's regulated utility operations. The single most decisive driver was Electric Transmission, where segment earnings reached $208.00 million, up $19.00 million from a year ago, fueled by sustained infrastructure investment across the grid. Gains in Electric Distribution, Natural Gas, and Water Distribution further reinforced the story, though a widening loss in the Parent segment, tied to higher interest expense following the exit from offshore wind, partially offset those contributions. Management reaffirmed full-year 2025 EPS guidance of $4.67 to $4.82, backed by a $24.20 billion five-year capital plan, and some analysts argue the stock's true earnings power remains underappreciated given the distortion from prior unusual items.
Key Takeaways
- • Continued investment in electric transmission system
- • Base distribution rate increases in New Hampshire and Massachusetts electric businesses
- • Massachusetts gas rate increases effective November 1, 2024
- • Higher water distribution revenues and lower interest expense
- • Improved cash flow from operations
ES YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
ES Revenue by Segment
With YoY comparisons, source: SEC Filings
“Eversource delivered solid operational and financial results in the second quarter, reflecting the dedication and expertise of our talented workforce. Our employees demonstrated exceptional commitment to our customers, responding quickly to a series of weather events across our service territory. We strengthened our financial foundation by boosting cash flow from operations and enhancing our balance sheet. Importantly, we continued to prioritize customer affordability while progressing constructive regulatory outcomes that support our long-term investment strategy.”
— Joe Nolan, Q2 2025 Earnings Press Release
ES Earnings Trends
ES vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ES EPS Trend
Earnings per share: estimate vs actual
ES Revenue Trend
Quarterly revenue: estimate vs actual
ES Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 MISS FY | $1.14 | $1.12 | -1.75% | $3.37B | +26.77% |
| FY Full Year | $4.74 | $4.56 | -3.86% | $13.55B | +5.54% |
| Q3 25 BEAT | $1.15 | $1.19 | +3.61% | $3.22B | +0.62% |
| Q2 25 BEAT | $0.95 | $0.96 | +0.96% | $2.84B | -3.11% |
| Q1 25 MISS | $1.51 | $1.50 | -0.65% | $4.12B | +9.19% |