ES Eversource Energy

FY2025 10-K
Filed: Feb 17, 2026
Utilities
Electric ServicesSEC EDGAR

Eversource Energy (ES) filed its fiscal year 2025 10-K annual report with the SEC on Feb 17, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business: regulated energy delivery via electric, natural gas, and water utilities across CT, MA, NH
  • Divestiture of offshore wind interests in 2024; residual noncontrolling tax equity investment retained in South Fork Wind
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Management Discussion & Analysis

  • Revenue increased to $1.69B net income in 2025 vs $811.7M in 2024, non-GAAP earnings $1.77B vs $1.63B, $140M YoY rise excluding special charges
  • Operating margin stable: Regulated companies non-GAAP EPS $4.98 in 2025 vs $4.73 in 2024; electric transmission best performer $776.7M earnings up $52.1M
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Risk Factors

  • FERC complaints challenging allowed ROEs on transmission investments could reduce returns and cash flows under regulatory scrutiny
  • Exposure to post-closing cost overruns and tax credit risks on Revolution Wind offshore wind project sale with Global Infrastructure Partners
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Financial Summary
XBRL

Revenue

$13.5B

Net Income

$1.7B

Operating Margin

22.1%

Net Margin

12.5%

ROE

10.4%

Total Assets

$63.8B

EPS (Diluted)

$4.56

Operating Cash Flow

$4.1B

Source: XBRL data from Eversource Energy FY2025 10-K filing on SEC EDGAR. All figures in USD.

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