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Eversource Energy (ES) stock

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NYSE: ES NYSE Electric Utilities Next results ~November 4, 2026

C Fundamentals grade

Eversource Energy is a US-listed company in the electric utilities industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: valuation models disagree too widely to rate.

Price vs value

Under review: valuation models disagree too widely to rate. We'll show the comparison once resolved.

Eversource Energy valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 8 selling1 purchase and 14 sales by directors and officers, last 12 monthsInsider trades
  • Funds604 adding, 398 cuttingOf 67 active managers that changed their stake, 29 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Eversource Energy files

Where Eversource Energy stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $14.0bn, up 7.8% on a year earlier, slower than 9.8% a quarter earlier. Free-cash-flow margin rose to 2.1% from -7.8% a year earlier. The diluted share count is up 2.6% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 0 of our 6 financial-health checks.

Our model value for Eversource Energy is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 3, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Eversource Energy's trailing-twelve-month revenue grew 7.8% year on year, with a free-cash-flow margin of 2.1%. Where it stands out: free-cash-flow margin of 2.1% ranks 5 of 24 electric utilities companies we cover. Where it lags: change in growth rate of -2.1pp ranks 22 of 25 electric utilities companies we cover.

Current signal Net margin expanding: TTM net margin reached 10.4%, up 3.7pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Eversource Energy's latest figures clears our strength thresholds.

Things to watch

  • Share dilution. Diluted shares rose 2.6% in a year.
  • High debt. Long-term debt exceeds cash by $24.8bn, more than 1.5 times annual revenue.
  • Growth easing. The growth rate is 2.1 points lower than a quarter earlier.
  • Weak cash conversion. Free cash flow was 21% of net income over the last 12 months.
  • Below peers: change in growth rate. Change in growth rate of -2.1pp ranks 22 of 25 electric utilities companies we cover (median -0.1pp).

Latest results: FY2026 Q2

Filed August 3, 2026
Earnings per share
$0.87 against an average estimate of $0.87: missed by 0.5%
Revenue
$2.90bn, up 2.3% on a year earlier
Share reaction
-4.2% in the first session after the results on July 30, 2026, against +2.4% for the S&P 500
Guidance given
non-GAAP recurring earnings per share $4.57 to $4.72 (2026)
Next report
November 4, 2026; average EPS estimate $0.92

Eversource Energy's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.5%
  • 1 week+3.0%
  • 1 month+7.8%
  • This year+6.9%
  • 1 year-1.4%
  • 5 years+0.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$14B
Operating margin
21.5%
Net margin
10.4%
EPS (TTM, diluted)
$3.86

Growth

Revenue growth
+7.8%
Change in growth rate
−2.1 pts
Share count change
+2.6%

Cash

Free cash flow (TTM)
$298M
FCF margin
2.1%

Earnings

Last results
July 30, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Eversource Energy valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valuation models disagree too widely to rate: held for review.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Eversource Energy as an utility or power producer, with every model that fits that kind of business. Cost of equity 7.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.51 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Utility earnings model Net income growing 3% a year, discounted at 8%: for regulated investment that makes free cash flow negative. ~$79 ~$66–$100 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$77 ~$77–$95 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$37 ~$32–$43 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$38 ~$27–$54 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$38 ~$31–$47 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Eversource Energy with utilities and power producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$35.04$39.16$46.19$49.15$66.11$69.05$74.70$70.92$54.31$52.97$65.08$69.55
Market value$11.2bn$12.5bn$14.7bn$15.6bn$21.3bn$23.5bn$25.7bn$24.6bn$19.0bn$19.0bn$24.2bn$26.1bn
+ Net debt (− = net cash)$9.0bn$9.5bn$12.2bn$12.9bn$14.1bn$15.9bn$18.1bn$20.7bn$24.4bn$26.7bn$28.1bn$27.3bn
Enterprise value$20.1bn$22.0bn$26.9bn$28.5bn$35.4bn$39.4bn$43.9bn$45.3bn$43.4bn$45.6bn$52.3bn$53.4bn
Multiples
Price / sales 1.4x1.6x1.9x1.9x2.5x2.6x2.6x2.0x1.6x1.6x1.8x1.9x
Price / earnings 12.6x13.1x14.8x15.0x23.3x19.4x21.0x17.4x—23.3x14.3x18.0x
Price / free cash flow —53.9x—————————87.7x
EV / EBITDA 8.2x8.4x9.8x10.3x13.3x12.5x13.2x11.8x13.5x10.9x9.7x10.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

34 /100

Weak moat

How hard Eversource Energy's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 1 / 20

    Net income has been a median 2.5% of total assets over 10 years.

  • Durability 17 / 20

    Operating margin has been a median 21.5%; its worst year was 17.6%.

  • Cash conversion 1 / 20

    Free cash flow was positive in 1 of 10 years, at a median -9.0% of revenue.

  • Discipline 9 / 20

    The diluted share count rose 9.1% over five years.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $3.1bn and EPS of $0.92 (range $0.89 to $1.16) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.63 −3% $13.7bn +1%
Next $4.93 +6% $14.4bn +5%

Next year's EPS estimate has moved +0.1% in 90 days, across 14 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −0.4% on 90 days ago. In the last 30 days, 0 analysts raised Eversource Energy's forecast and 0 cut it.

Consensus EPS forecast Eversource Energy, last 90 days
$4.60 $4.70 $4.80 $4.90 $5.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.65 Current fiscal year, 60 days ago: $4.65 Current fiscal year, 30 days ago: $4.65 Current fiscal year, 7 days ago: $4.65 Current fiscal year, Now: $4.63 $4.63 Next fiscal year, 90 days ago: $4.92 Next fiscal year, 60 days ago: $4.93 Next fiscal year, 30 days ago: $4.93 Next fiscal year, 7 days ago: $4.93 Next fiscal year, Now: $4.93 $4.93

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.65$4.92
60 days ago $4.65$4.93
30 days ago $4.65$4.93
7 days ago $4.65$4.93
Now $4.63$4.93

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.87 $0.87 −0.5%
Mar 2026 $1.63 $1.73 +6.2%
Dec 2025 $1.10 $1.12 +1.6%
Sept 2025 $1.15 $1.19 +3.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 30, 2026
  • non-GAAP recurring earnings per share 2026 $4.57 to $4.72 Non-GAAP Maintained
    “The Company reaffirms its revised earnings guidance for 2026 non-GAAP recurring earnings of between $4.57 per share 1 and $4.72 per share 1 , which includes the impact of the prospective reduction to the transmission ROE rate resulting from the March 2026 FERC order and the absence of Aquarion earnings in the second half of the year.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

16 analysts, Oct 2026
Buy531%
Hold850%
Sell319%

Monthly trend

  1. Oct 202648216
  2. Sep 202648216
  3. Aug 202649216
  4. Jul 2026410217

Counts of recommendations published by analysts covering Eversource Energy, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.0%
of tradable shares
Days to cover
4.01
at average volume
Short interest, 1 month
+24%
to October 15, 2026
Held by institutions
88%
of shares
Held by insiders
0.2%
of shares
Employees
10,731
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −1.4%

$70.55 on October 31, 2025 to $69.55

ThenNowEffect
Revenue (last 12 months) $13.0bn $14.0bn +7.8%
Net margin 6.6% 10.4% +56.8%
P/E multiple 30.1x 18.0x −40.1%
Share count 366m 376m −2.6%

Biggest factor: p/e multiple.

Last 3 years +44.1%

$48.25 on November 3, 2023 to $69.55

ThenNowEffect
Revenue (last 12 months) $12.7bn $14.0bn +10.5%
Net margin 9.3% 10.4% +10.8%
P/E multiple 14.2x 18.0x +26.6%
Share count 349m 376m −7.0%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ES+8%−5%−23%−3%+23%+7%
Industry peers (median)+19%+0%−4%+16%+16%+4%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ES50%50%42%50%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ES−14%−23%−37%−18%−15%−15%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 42% from August 18, 2022 to October 23, 2023. Getting back needed a 72% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$60.74 – $74.51
From 52-week high
−6.7%
vs 50-day average
+3.6%
vs 200-day average
+1.0%
Volatility (1 year)
24%
Beta vs S&P 500
-0.01

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±2.0%
After a week
5 up, 7 down
typical move ±3.0%
After a month
6 up, 6 down
typical move ±4.3%
Results releasedNext dayS&P 500 next day5 days21 days
July 30, 2026 −4.2% +2.4% −3.6% −5.2%
July 1, 2026 +3.0% −0.3% +2.3% −0.9%
May 6, 2026 −2.7% +1.1% −0.9% +3.7%
February 12, 2026 +4.5% −1.5% +4.8% +5.3%
November 4, 2025 −2.0% −0.8% −1.4% −9.8%
October 14, 2025 +1.8% +0.3% +3.2% +3.7%
July 31, 2025 −0.7% −2.0% −0.1% −2.9%
May 1, 2025 −1.1% +2.2% +5.4% +10.5%
February 11, 2025 −1.3% −0.2% +3.7% +0.6%
November 4, 2024 −2.5% +1.0% −4.1% −3.0%
September 30, 2024 +0.3% −0.5% −5.1% −4.4%
July 31, 2024 +0.2% +0.2% −0.9% +1.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Eversource Energy in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Eversource Energy
$11B $12B $13B $14B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $12.2B Revenue (TTM), FY23 Q4: $11.9B Revenue (TTM), FY24 Q1: $11.4B Revenue (TTM), FY24 Q2: $11.4B Revenue (TTM), FY24 Q3: $11.6B Revenue (TTM), FY24 Q4: $11.9B Revenue (TTM), FY25 Q1: $12.7B Revenue (TTM), FY25 Q2: $13B Revenue (TTM), FY25 Q3: $13.1B Revenue (TTM), FY25 Q4: $13.5B Revenue (TTM), FY26 Q1: $13.9B Revenue (TTM), FY26 Q2: $14B $14B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $12.2B
FY23 Q4 $11.9B
FY24 Q1 $11.4B
FY24 Q2 $11.4B
FY24 Q3 $11.6B
FY24 Q4 $11.9B
FY25 Q1 $12.7B
FY25 Q2 $13B
FY25 Q3 $13.1B
FY25 Q4 $13.5B
FY26 Q1 $13.9B
FY26 Q2 $14B
Revenue growth, TTM YoY Eversource Energy
-20% -10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 4.3% Revenue growth, TTM YoY, FY23 Q4: -3.1% Revenue growth, TTM YoY, FY24 Q1: -9.2% Revenue growth, TTM YoY, FY24 Q2: -10.4% Revenue growth, TTM YoY, FY24 Q3: -5.1% Revenue growth, TTM YoY, FY24 Q4: -0.1% Revenue growth, TTM YoY, FY25 Q1: 10.8% Revenue growth, TTM YoY, FY25 Q2: 14.4% Revenue growth, TTM YoY, FY25 Q3: 13.1% Revenue growth, TTM YoY, FY25 Q4: 13.8% Revenue growth, TTM YoY, FY26 Q1: 9.8% Revenue growth, TTM YoY, FY26 Q2: 7.8% 7.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 4.3%
FY23 Q4 -3.1%
FY24 Q1 -9.2%
FY24 Q2 -10.4%
FY24 Q3 -5.1%
FY24 Q4 -0.1%
FY25 Q1 10.8%
FY25 Q2 14.4%
FY25 Q3 13.1%
FY25 Q4 13.8%
FY26 Q1 9.8%
FY26 Q2 7.8%
Operating margin (TTM) Eversource Energy
19% 20% 21% 22% 23% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 19.3% Operating margin (TTM), FY23 Q4: 20.1% Operating margin (TTM), FY24 Q1: 21.8% Operating margin (TTM), FY24 Q2: 22.4% Operating margin (TTM), FY24 Q3: 22.5% Operating margin (TTM), FY24 Q4: 20.2% Operating margin (TTM), FY25 Q1: 19.6% Operating margin (TTM), FY25 Q2: 19.6% Operating margin (TTM), FY25 Q3: 20.0% Operating margin (TTM), FY25 Q4: 22.1% Operating margin (TTM), FY26 Q1: 22.5% Operating margin (TTM), FY26 Q2: 21.5% 21.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 19.3%
FY23 Q4 20.1%
FY24 Q1 21.8%
FY24 Q2 22.4%
FY24 Q3 22.5%
FY24 Q4 20.2%
FY25 Q1 19.6%
FY25 Q2 19.6%
FY25 Q3 20.0%
FY25 Q4 22.1%
FY26 Q1 22.5%
FY26 Q2 21.5%
FCF margin (TTM) Eversource Energy
-30% -20% -10% 0% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -19.1% FCF margin (TTM), FY23 Q4: -22.6% FCF margin (TTM), FY24 Q1: -23.1% FCF margin (TTM), FY24 Q2: -22.5% FCF margin (TTM), FY24 Q3: -21.6% FCF margin (TTM), FY24 Q4: -19.5% FCF margin (TTM), FY25 Q1: -11.3% FCF margin (TTM), FY25 Q2: -7.8% FCF margin (TTM), FY25 Q3: -4.0% FCF margin (TTM), FY25 Q4: -0.3% FCF margin (TTM), FY26 Q1: 1.7% FCF margin (TTM), FY26 Q2: 2.1% 2.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -19.1%
FY23 Q4 -22.6%
FY24 Q1 -23.1%
FY24 Q2 -22.5%
FY24 Q3 -21.6%
FY24 Q4 -19.5%
FY25 Q1 -11.3%
FY25 Q2 -7.8%
FY25 Q3 -4.0%
FY25 Q4 -0.3%
FY26 Q1 1.7%
FY26 Q2 2.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Eversource Energy took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $13.5B
  2. Other operating costs $10.6B · 77.9%
  3. Operating income $3B · 22.1%
  4. Income tax $140M · 1.0%
  5. Interest and other $1.2B · 8.5%
  6. Net income $1.7B · 12.5%

Shares of revenue. Source: Eversource Energy's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 5.4 4.9 4.5 6.3 7.3 7.7 8.0 7.6 7.8 8.4 8.5 8.9 9.9 12.3 11.9 11.9 13.5 14.0
EBITDA 1.3 1.4 1.3 1.9 2.1 2.3 2.5 2.6 2.8 2.8 2.7 3.1 3.3 3.8 3.2 4.2 5.4 5.3
Operating income 0.8 0.8 0.8 1.1 1.5 1.6 1.8 1.8 1.9 1.7 1.6 2.0 2.0 2.2 2.4 2.4 3.0 3.0
Net income 0.3 0.4 0.4 0.5 0.8 0.8 0.9 0.9 1.0 1.0 0.9 1.2 1.2 1.4 −0.4 0.8 1.7 1.4
Diluted EPS $1.91 $2.19 $2.22 $1.89 $2.49 $2.58 $2.76 $2.96 $3.11 $3.25 $2.81 $3.55 $3.54 $4.05 −$1.26 $2.27 $4.56 $3.86
Growth (year on year)
Revenue — −10.0% −8.8% +40.5% +16.4% +6.0% +2.8% −4.0% +1.5% +9.0% +0.9% +4.4% +10.8% +24.6% −3.1% −0.1% +13.8% +7.8%
EBITDA — +10.2% −11.7% +47.8% +15.1% +5.5% +8.6% +7.2% +4.7% +0.7% −3.6% +17.8% +5.7% +15.4% −16.3% +30.2% +28.9% +4.3%
Operating income — +6.5% −0.7% +40.8% +36.8% +6.8% +8.0% +4.4% +2.6% −10.0% −6.4% +25.0% +0.2% +10.3% +9.2% +0.4% +24.1% +18.3%
Net income — +17.4% +1.6% +33.1% +48.9% +4.2% +7.1% +7.2% +4.8% +4.5% −11.9% +32.3% +1.3% +15.0% −130.8% — +108.5% +68.9%
Diluted EPS — +14.7% +1.4% −14.9% +31.7% +3.6% +7.0% +7.2% +5.1% +4.5% −13.5% +26.3% −0.3% +14.4% −131.1% — +100.9% +64.6%
Margins
EBITDA margin 23.8% 29.1% 28.2% 29.6% 29.3% 29.2% 30.8% 34.4% 35.5% 32.8% 31.3% 35.4% 33.7% 31.3% 27.0% 35.2% 39.8% 37.8%
Operating margin 13.8% 16.3% 17.8% 17.8% 20.9% 21.1% 22.2% 24.1% 24.4% 20.1% 18.7% 22.3% 20.2% 17.9% 20.1% 20.2% 22.1% 21.5%
Net margin 6.2% 8.0% 9.0% 8.5% 10.9% 10.7% 11.1% 12.4% 12.8% 12.3% 10.7% 13.6% 12.5% 11.5% −3.6% 6.8% 12.5% 10.4%
Free-cash-flow margin 1.5% 2.8% −2.4% −5.0% 2.8% 0.6% −3.7% 3.0% −4.5% −8.8% −10.6% −14.2% −12.3% −8.5% −22.6% −19.5% −0.3% 2.1%
Cash flow
Cash from operations 1.0 1.1 1.0 1.2 1.7 1.7 1.4 2.2 2.0 1.8 2.0 1.7 2.0 2.4 1.6 2.2 4.1 4.4
Capital spending 0.9 1.0 1.1 1.5 1.5 1.6 1.7 2.0 2.3 2.6 2.9 2.9 3.2 3.4 4.3 4.5 4.2 4.1
Free cash flow 0.1 0.1 −0.1 −0.3 0.2 0.0 −0.3 0.2 −0.4 −0.7 −0.9 −1.3 −1.2 −1.0 −2.7 −2.3 −0.0 0.3
Stock-based pay — 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 —
Free cash flow after stock pay — 0.1 −0.1 −0.3 0.2 0.0 −0.3 0.2 −0.4 −0.8 −0.9 −1.3 −1.2 −1.1 −2.7 −2.4 −0.1 —
Balance sheet
Cash — — — — — — 0.1 0.1 0.1 0.2 0.0 0.3 0.1 0.4 0.1 0.0 0.1 1.8
Total debt 0.0 4.7 4.9 9.1 8.3 8.8 9.0 9.6 12.3 13.1 14.1 16.2 18.2 21.0 24.4 26.7 28.3 29.1
Net debt (negative = net cash) — — — — — — 9.0 9.5 12.2 12.9 14.1 15.9 18.1 20.7 24.4 26.7 28.1 27.3
Diluted shares 173m 177m 178m 278m 316m 317m 318m 318m 318m 318m 323m 340m 345m 347m 350m 358m 371m 376m
Returned to shareholders
Dividends 0.2 0.2 0.2 0.4 0.5 0.5 0.5 0.6 0.6 0.6 0.7 0.7 0.8 0.9 0.9 1.0 1.1 1.1
Total returned 0.2 0.2 0.2 0.4 0.5 0.5 0.5 0.6 0.6 0.6 0.7 0.7 0.8 0.9 0.9 1.0 1.1 1.1

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 6 checks passed · June 30, 2026
What it owns · $63.4bn
Short-term assets $6.4bnLonger-term assets $57.0bn
What it owes, and who funded it · $24.4bn
Short-term liabilities $8.1bnShareholders' equity $16.3bn
  • Short-term assets cover short-term liabilities $6.4bn of assets due within a year against $8.1bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $1.8bn of cash against $29.1bn of debt.
  • Debt below 40% of shareholders' equity Debt is 178% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 117% to 178% over five years.
  • A year's operating cash flow covers at least 20% of debt $4.4bn of operating cash flow against $29.1bn of debt.
  • Operating profit covers interest at least five times over Operating income of $3.0bn against $1.4bn of interest.

From Eversource Energy's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$1.1B
Returned to shareholders
380%
of free cash flow
Diluted share count
+2.6%
year over year
Total shareholder yield
4.3%
dividends 4.3% + buybacks 0.0% of market value
Dividend payout ratio
78%
of net income paid out
Days sales outstanding
45 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electric utilities
Last 12 months unless stated ES ETR PEG FE EIX WEC Median
Revenue, last 12 months $14.0bn $13.5bn $12.3bn $16.2bn $18.6bn $10.3bn $9.4bn
Revenue growth, last 12 months 7.8% 9.5% 5.3% 12.2% 2.6% 8.1% 6.4%
Revenue growth, 3-year average 3.4% 0.4% 1.6% 8.0% 3.7% 3.8% 3.7%
Revenue growth, latest quarter 2.3% 5.9% −6.4% 9.9% −15.0% 8.9% 4.3%
Gross margin — — 66.5% — — 65.9% 65.9%
Operating margin 21.5% 22.9% 21.6% 14.9% 31.8% 23.5% 22.3%
Operating margin, 3-year average 21.2% 22.9% 23.8% 17.3% 25.7% 23.6% 22.4%
Net margin 10.4% 13.3% 14.3% 7.4% 19.6% 17.5% 13.3%
Cash from operations / revenue 31.6% 45.1% 26.4% 19.7% 37.5% 37.2% 27.0%
Free-cash-flow margin 2.1% −22.0% −1.4% −13.3% −0.7% −7.4% −10.0%
Free-cash-flow margin, 3-year average −9.4% −18.8% −3.8% −9.8% −3.4% −2.3% −8.2%
Stock pay / revenue — — — 0.1% 0.2% — 0.4%
Change in share count 2.6% 4.9% 0.0% 0.2% 0.0% 2.3% 1.7%

Median of all 25 companies we cover in electric utilities. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 electric utilities companies
Measure Company Peer median Rank
Revenue growth Growth 7.8% 6.4% 9 of 25
Change in growth rate Growth -2.1pp -0.1pp 22 of 25
Operating margin Profitability 21.5% 22.5% 15 of 24
Net margin Profitability 10.4% 13.3% 18 of 25
Free-cash-flow margin Cash generation 2.1% -10.0% 5 of 24
Long-term debt as % of assets Balance sheet 42.0% 40.9% 17 of 24
Change in share count Balance sheet 2.6% 1.7% 16 of 23
Days sales outstanding Balance sheet 45 days 45 days 10 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Total Retail Sales Revenue $11.5B 85.4% ▲ 11.3%
Residential $6.9B 59.5% ▲ 10.9%
Commercial $4.1B 35.2% ▲ 11.8%
Industrial $610M 5.3% ▲ 12.2%
Wholesale Market Sales Revenue $1.2B 8.8% ▲ 44.6%
Wholesale Transmission Revenue $665M 4.9% ▲ 32.2%
Other Revenue Adjustmentsfrom Contractswith Customers $114M 0.8% ▼ 6.1%

From Eversource Energy's 10-K filed February 17, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$23.4B
Institutions reporting
1,111
Shares held vs prior quarter
▲ 3.6%
Positions opened / closed
131 / 82

Top buyers and sellers, Q2 2026: 604 institutions bought and 398 sold ; the biggest buyer was AQR Capital Management LLC (+6.7M shares) and the biggest seller FMR LLC (−3.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $3.1B 42.7M 13.2% ▲ 1.3%
State Street Corp $2.1B 28.5M 8.8% ▲ 1.1%
Vanguard Capital Management LLC $1.8B 24.5M 7.6% ▲ 0.7%
Vanguard Portfolio Management LLC $1.5B 20.2M 6.2% ▲ 1.2%
Geode Capital Management, LLC $831M 11.5M 3.5% ▲ 2.1%
AQR Capital Management LLC $772M 10.7M 3.3% ▲ 170.9%
FMR LLC $691M 9.6M 2.9% ▼ 25.3%
Victory Capital Management Inc $618M 8.6M 2.6% ▲ 16.9%
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC $478M 6.6M 2.0% ▲ 1.3%
Invesco Ltd. $438M 6.1M 1.9% ▲ 10.7%
Morgan Stanley $436M 6.0M 1.9% ▲ 2.6%
Charles Schwab Investment Management Inc $426M 5.9M 1.8% ▲ 0.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Eversource Energy's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $49,864 1 trade by 1 insider, last 12 months Insider sales History → $4M 14 trades by 8 insiders · 0% under pre-set plans
Net ▼ $3.9M net selling
Insider Date Trade Shares Price Value
Conner Penelope M EVP-Cust Exp & Energy Strategy August 25, 2026 Sell 1,500 $71.50 $107,250
Conner Penelope M EVP-Cust Exp & Energy Strategy August 24, 2026 Sell 1,500 $71.10 $106,650
Butler Gregory B Executive VP & General Counsel June 4, 2026 Sell 7,000 $69.88 $489,160
Mudge W Robert 10% owner May 8, 2026 Buy 750 $66.48 $49,864
Conner Penelope M EVP-Cust Exp & Energy Strategy March 4, 2026 Sell 1,400 $75.00 $105,000
Cleveland Cotton M 10% owner February 24, 2026 Sell 2,581 $74.87 $193,239
Kim John Y 10% owner February 23, 2026 Sell 6,339 $74.49 $472,192
Kim John Y 10% owner February 20, 2026 Sell 6,000 $73.56 $441,330
Kim John Y 10% owner February 19, 2026 Sell 6,000 $73.57 $441,420
Moreira John M. EVP, CFO and Treasurer February 19, 2026 Sell 7,800 $73.90 $576,420
Forry Linda Dorcena 10% owner February 18, 2026 Sell 981 $73.07 $71,679
Forry Linda Dorcena 10% owner February 18, 2026 Sell 1,600 $73.05 $116,880

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 23 trades and filings

No trades in Eversource Energy disclosed in the last 12 months; 23 earlier trades on record.

  • Val T. Hoyle(D-OR 4):Sale (full), $1,001 - $15,000, traded September 23, 2025, filed October 10, 2025
  • Robert P. Bresnahan, Jr.(R-PA 8):Purchase, $1,001 - $15,000, traded April 8, 2025, filed May 8, 2025
  • Julie Johnson(D-TX 32):Sale (full), $1,001 - $15,000, traded April 1, 2025, filed May 14, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around October 15, 2026 estimated from the company's past filing pattern, not announced

  • July 30, 2026
  • July 1, 2026
  • May 6, 2026
  • February 12, 2026
  • November 4, 2025
  • October 14, 2025

Recent SEC filings

Data status

When each part of this page on Eversource Energy was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Eversource Energy in brief

What does Eversource Energy do?
Eversource Energy is a US-listed company in the electric utilities industry. Its financial year ends in December.
What is Eversource Energy's stock ticker?
Eversource Energy trades under the ticker ES on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Eversource Energy's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Eversource Energy reported revenue of $14B, 7.8% higher than a year earlier, according to its SEC filings.
What is Eversource Energy's free cash flow?
Eversource Energy's free-cash-flow margin is 2.1% of revenue over the trailing twelve months, ranking 5 of the 24 electric utilities companies we cover.
Who are Eversource Energy's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Street Corp and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Eversource Energy's market cap?
On November 2, 2026, Eversource Energy's market capitalisation was about $26.1B, with a price-to-earnings ratio of 18.0 and net debt of $27.3B. Market figures come from third-party market data and may be delayed.
Does Eversource Energy pay a dividend?
Yes: Eversource Energy paid $1.1B in dividends over the trailing twelve months, a dividend yield of 4.32% and a payout ratio of 78.1%.
How much debt does Eversource Energy have?
Eversource Energy's debt-to-equity ratio is 178.2%, from its latest balance sheet (116.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Eversource Energy's competitors?
In our Electric Utilities peer group, the companies closest to Eversource Energy are Entergy, Public Service Enterprise Group, FirstEnergy, Edison International and WEC Energy Group. The side-by-side comparison below sets their revenue, margins and growth against Eversource Energy's.
Are insiders buying or selling Eversource Energy stock?
Over the last 12 months, Eversource Energy's directors and officers reported 1 open-market purchases and 14 sales on Form 4. The insider trading page charts every trade.
When is Eversource Energy's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Eversource Energy announces its own schedule.