Eversource Energy (ES) financial statements: income statement, balance sheet and cash flow

Eversource Energy's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Eversource Energy reported revenue of $13.5B (+13.8% year on year) and net income of $1.7B (+107.5% year on year).

Income statement

Eversource Energy income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Operating Revenues	$13.5B	$11.9B	$11.9B	$12.3B
Purchased Power, Purchased Natural Gas and Transmission	$4.2B	$3.7B	$5.2B	$5.0B
Operations and Maintenance	$2.1B	$2.0B	$1.9B	$1.9B
Depreciation	$1.6B	$1.4B	$1.3B	$1.2B
Amortization	$835.9M	$342.9M	($490.1M)	$448.9M
Energy Efficiency Programs	$778.3M	$671.8M	$691.3M	$658.1M
Taxes Other Than Income Taxes	$1.1B	$997.9M	$940.4M	$910.6M
Loss on Pending Sale of Aquarion	$0	$297.0M	—	—
Total Operating Expenses	$10.6B	$9.5B	$9.5B	$10.1B
Operating Income	$3.0B	$2.4B	$2.4B	$2.2B
Interest Expense	$1.2B	$1.1B	$855.4M	$678.3M
Losses on Offshore Wind	$284.0M	$464.0M	$2.2B	—
Other Income, Net	$378.9M	$410.5M	$348.1M	$346.1M
Income/(Loss) Before Income Tax Expense	$1.8B	$1.2B	($275.0M)	$1.9B
Income Tax Expense	$140.3M	$424.7M	$159.7M	$453.6M
Net Income/(Loss)	$1.7B	$819.2M	($434.7M)	$1.4B
Net Income Attributable to Noncontrolling Interests	$7.5M	$7.5M	$7.5M	$7.5M
Net Income/(Loss) Attributable to Common Shareholders	$1.7B	$811.7M	($442.2M)	$1.4B
Basic Earnings/(Loss) Per Common Share (in dollars per share)	$4.56	$2.27	-$1.27	$4.05
Diluted Earnings/(Loss) Per Common Share (in dollars per share)	$4.56	$2.27	-$1.26	$4.05
Basic (in shares)	370.9M	357.5M	349.6M	346.8M
Diluted (in shares)	371.3M	357.8M	349.8M	347.2M

Eversource Energy income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Operating Revenues	$2.9B	$4.5B	$3.2B	$2.8B
Purchased Power, Purchased Natural Gas and Transmission	$939.5M	$1.5B	$1.0B	$818.7M
Operations and Maintenance	$480.4M	$507.0M	$518.3M	$467.6M
Depreciation	$423.9M	$420.5M	$395.4M	$385.6M
Amortization	($44.3M)	$402.8M	$108.2M	$109.1M
Energy Efficiency Programs	$173.2M	$291.5M	$173.1M	$135.3M
Taxes Other Than Income Taxes	$278.2M	$288.3M	$287.6M	$258.7M
Sale of Aquarion	$111.4M	—	—	—
Total Operating Expenses	$2.4B	$3.4B	$2.5B	$2.2B
Operating Income	$540.9M	$1.1B	$688.7M	$663.0M
Interest Expense	$355.5M	$365.3M	$318.1M	$293.2M
Loss on Offshore Wind	$194.0M	—	$284.0M	—
Other Income, Net	$144.0M	$101.2M	$85.8M	$95.4M
Income Before Income Tax Expense	$135.4M	$812.0M	$172.4M	$465.2M
Income Tax Expense	$79.9M	$203.3M	($197.0M)	$110.6M
Net Income	$55.6M	$608.7M	$369.4M	$354.6M
Net Income Attributable to Noncontrolling Interests	$1.9M	$1.9M	$1.9M	$1.9M
Net Income Attributable to Common Shareholders	$53.7M	$606.8M	$367.5M	$352.7M
Basic Earnings Per Common Share (in dollars per share)	$0.14	$1.61	$0.99	$0.96
Diluted Earnings Per Common Share (in dollars per share)	$0.14	$1.61	$0.99	$0.96
Basic (in shares)	376.5M	376.0M	371.9M	368.7M
Diluted (in shares)	377.0M	376.6M	372.3M	368.9M

Balance sheet

Eversource Energy balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash	$135.4M	$26.7M	$53.9M	$47.6M
Receivables, Net (net of allowance for uncollectible accounts)	$1.8B	$1.7B	$1.4B	$1.5B
Unbilled Revenues	$275.1M	$242.2M	$225.3M	$239.0M
Materials, Supplies, Natural Gas and REC Inventory	$491.6M	$594.6M	$507.3M	$374.4M
Regulatory Assets	$2.0B	$2.2B	$1.7B	$1.3B
Current Assets Held for Sale	$0	$56.3M	—	—
Prepayments and Other Current Assets	$353.0M	$315.4M	$355.8M	$382.6M
Total Current Assets	$5.1B	$5.1B	$4.2B	$4.2B
Property, Plant and Equipment, Net	$45.9B	$41.0B	$39.5B	$36.1B
Regulatory Assets	$5.7B	$4.9B	$4.7B	$4.2B
Goodwill	$4.2B	$3.6B	$4.5B	$4.5B
Prepaid Pension and PBOP	$1.5B	$1.3B	$1.0B	$1.0B
Marketable Securities	$317.1M	$320.3M	$337.8M	$366.5M
Long-Term Assets Held for Sale	$0	$2.6B	—	—
Other Long-Term Assets	$997.9M	$642.9M	$592.1M	$541.3M
Total Deferred Debits and Other Assets	$12.8B	$13.5B	$11.9B	$12.9B
Total Assets	$63.8B	$59.6B	$55.6B	$53.2B
Notes Payable	$1.5B	$2.0B	$1.9B	$1.4B
Long-Term Debt – Current Portion	$1.4B	$1.0B	$824.8M	$1.3B
Rate Reduction Bonds – Current Portion	$43.2M	$43.2M	$43.2M	$43.2M
Accounts Payable	$1.9B	$1.7B	$1.9B	$2.1B
Accrued Interest	$380.2M	$341.6M	—	—
Regulatory Liabilities	$1.3B	$632.3M	$591.8M	$890.8M
Current Liabilities Held for Sale	$0	$52.6M	—	—
Offshore Wind Contingent Liability - Current Portion	$448.2M	—	—	—
Other Current Liabilities	$894.2M	$868.5M	$1.1B	$989.1M
Total Current Liabilities	$7.8B	$6.7B	$6.3B	$6.8B
Accumulated Deferred Income Taxes	$5.6B	$5.4B	$5.3B	$5.1B
Regulatory Liabilities	$4.3B	$4.0B	$4.0B	$3.9B
Derivative Liabilities	$753.1M	—	$68.0M	$143.9M
Asset Retirement Obligations	$595.4M	$590.9M	$505.8M	$502.7M
Accrued SERP and PBOP	$100.9M	$95.4M	$123.8M	$135.5M
Long-Term Liabilities Held for Sale	$0	$398.9M	—	—
Offshore Wind Contingent Liability - Long-Term Portion	$0	—	—	—
Other Long-Term Liabilities	$1.1B	$1.1B	$961.2M	$888.1M
Total Deferred Credits and Other Liabilities	$12.5B	$11.7B	$11.0B	$10.7B
Long-Term Debt	$26.9B	$25.7B	$23.6B	$19.7B
Rate Reduction Bonds	$280.9M	$324.1M	$367.3M	$410.5M
Noncontrolling Interest - Preferred Stock of Subsidiaries	$155.6M	$155.6M	$155.6M	$155.6M
Common Shares	1.9B	1.9B	1.8B	1.8B
Capital Surplus, Paid In	$9.9B	$9.4B	$8.5B	$8.4B
Retained Earnings	$4.5B	$3.9B	$4.1B	$5.5B
Accumulated Other Comprehensive Income/(Loss)	($20.5M)	($26.5M)	($33.7M)	($39.4M)
Treasury Stock	($139.4M)	($170.8M)	($195.7M)	($216.2M)
Common Shareholders' Equity	$16.2B	$15.0B	$14.2B	$15.5B

Eversource Energy balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and Cash Equivalents	$1.8B	—	$259.3M	$343.7M
Receivables, Net (net of allowance for uncollectible accounts)	$1.7B	$2.1B	$1.7B	$1.7B
Unbilled Revenues	$182.8M	$217.6M	$162.9M	$185.0M
Materials, Supplies, Natural Gas and REC Inventory	$467.2M	$489.4M	$528.1M	$549.2M
Regulatory Assets	$1.9B	$1.9B	$1.8B	$1.8B
Prepayments and Other Current Assets	$344.5M	$389.5M	$352.6M	$234.8M
Total Current Assets	$6.4B	$5.3B	$4.9B	$4.9B
Property, Plant and Equipment, Net	$45.3B	$46.5B	$43.0B	$42.3B
Regulatory Assets	$5.2B	$5.8B	$4.8B	$4.9B
Goodwill	$3.6B	$4.2B	$3.6B	$3.6B
Prepaid Pension and PBOP	$1.6B	$1.6B	$1.4B	$1.4B
Marketable Securities	$320.0M	$322.2M	$321.0M	$316.6M
Other Long-Term Assets	$1.0B	$1.0B	$942.1M	$900.0M
Total Deferred Debits and Other Assets	$11.7B	$12.9B	$13.8B	$13.7B
Total Assets	$63.4B	$64.7B	$61.7B	$61.0B
Notes Payable	$393.7M	$533.0M	$1.5B	$1.3B
Long-Term Debt – Current Portion	$2.5B	$2.6B	$1.1B	$2.0B
Rate Reduction Bonds – Current Portion	$43.2M	$43.2M	$43.2M	$43.2M
Accounts Payable	$1.6B	$1.7B	$1.5B	$1.5B
Accrued Interest	$403.1M	—	$308.7M	$360.8M
Regulatory Liabilities	$1.7B	$1.7B	$1.1B	$834.8M
Offshore Wind Contingent Liability	$409.2M	$298.2M	$507.7M	—
Other Current Liabilities	$1.0B	$1.3B	$676.1M	$849.5M
Total Current Liabilities	$8.1B	$8.2B	$6.8B	$6.9B
Accumulated Deferred Income Taxes	$5.7B	$5.9B	$5.5B	$5.5B
Regulatory Liabilities	$4.2B	$4.3B	$4.1B	$4.1B
Derivative Liabilities	$390.3M	$636.2M	—	—
Asset Retirement Obligations	$605.7M	$597.7M	$598.2M	$595.3M
Accrued SERP and PBOP	$99.1M	$100.5M	$95.1M	$95.3M
Other Long-Term Liabilities	$938.6M	$1.1B	$825.0M	$1.0B
Total Deferred Credits and Other Liabilities	$12.0B	$12.7B	$11.6B	$11.7B
Long-Term Debt	$26.6B	$26.9B	$26.9B	$26.2B
Rate Reduction Bonds	$259.3M	$259.3M	$280.9M	$302.5M
Noncontrolling Interest – Preferred Stock of Subsidiaries	$155.6M	$155.6M	$155.6M	$155.6M
Common Shares	1.9B	1.9B	1.9B	1.9B
Capital Surplus, Paid In	$10.0B	$10.0B	$9.9B	$9.7B
Retained Earnings	$4.6B	$4.8B	$4.4B	$4.3B
Accumulated Other Comprehensive Loss	($19.3M)	($20.4M)	($23.1M)	($23.9M)
Treasury Stock	($122.6M)	($128.9M)	($145.4M)	($151.1M)
Common Shareholders' Equity	$16.3B	$16.5B	$16.0B	$15.7B
Total Liabilities and Capitalization	$63.4B	$64.7B	$61.7B	$61.0B

Cash flow statement

Eversource Energy cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net Income/(Loss)	$1.7B	$819.2M	($434.7M)	—
Depreciation	$1.6B	$1.4B	$1.3B	$1.2B
Deferred Income Taxes	$27.3M	$435.9M	$85.4M	$346.8M
Uncollectible Expense	$101.1M	$74.1M	$72.5M	$61.9M
Pension, SERP and PBOP Income, Net	($80.6M)	($73.6M)	($90.7M)	($160.9M)
Regulatory Over/(Under) Recoveries, Net	$13.1M	($919.4M)	($151.5M)	($205.3M)
Amortization	$835.9M	$342.9M	($490.1M)	$448.9M
Cost of Removal Expenditures	($275.9M)	($295.0M)	($315.7M)	($303.8M)
Losses on Offshore Wind	$284.0M	$464.0M	$2.2B	—
Loss on Pending Sale of Aquarion	$0	$297.0M	—	—
Other	($4.8M)	($102.5M)	($53.0M)	($39.2M)
Receivables and Unbilled Revenues, Net	($364.2M)	($432.6M)	($124.4M)	($470.6M)
Taxes Receivable/Accrued, Net	$143.3M	$55.5M	$36.4M	$18.4M
Accounts Payable	$84.2M	$47.1M	($287.6M)	$377.7M
Other Current Assets and Liabilities, Net	$81.7M	$19.5M	($66.2M)	($45.6M)
Net Cash Flows Provided by Operating Activities	$4.1B	$2.2B	$1.6B	$2.4B
Investments in Property, Plant and Equipment	($4.2B)	($4.5B)	($4.3B)	($3.4B)
Proceeds from Sales of Marketable Securities	$439.3M	$268.2M	$395.6M	$457.6M
Purchases of Marketable Securities	($416.1M)	($243.0M)	($336.8M)	($424.2M)
Payments for Offshore Wind Contingent Liability	($200.8M)	—	—	—
Investments in Unconsolidated Affiliates	($701.0K)	($929.7M)	($1.7B)	($742.5M)
Proceeds from Sales of Offshore Wind Investments	$0	—	—	—
Other Investing Activities	$30.8M	($13.4M)	($2.9M)	$20.4M
Net Cash Flows Used in Investing Activities	($4.3B)	($4.5B)	($4.9B)	($4.1B)
Issuance of Common Shares, Net of Issuance Costs	465.4M	989.4M	0	197.1M
Cash Dividends on Common Shares	-1.1B	-1.0B	-919.0M	-860.0M
Cash Dividends on Preferred Stock	($7.5M)	($7.5M)	($7.5M)	($7.5M)
(Decrease)/Increase in Notes Payable	($517.3M)	($95.0M)	$695.6M	($78.2M)
Repayment of Rate Reduction Bonds	($43.2M)	($43.2M)	($43.2M)	($43.2M)
Issuance of Long-Term Debt	$2.9B	$4.5B	$5.2B	$4.0B
Retirement of Long-Term Debt	($1.4B)	($1.9B)	($2.0B)	($1.2B)
Other Financing Activities	($34.7M)	($57.1M)	($46.5M)	($48.2M)
Net Cash Flows Provided by Financing Activities	$311.5M	$2.3B	$2.9B	$2.0B
Net Increase/(Decrease) in Cash and Restricted Cash	$118.9M	($39.1M)	($355.3M)	$300.7M
Cash and Restricted Cash - Beginning of Year	$127.3M	$166.4M	$521.8M	$221.0M
Cash and Restricted Cash - End of Year	$246.2M	—	—	—

Eversource Energy cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net Income	$664.3M	$608.7M	$1.3B	$907.3M
Depreciation	$844.4M	$420.5M	$1.2B	$765.2M
Deferred Income Taxes	$78.5M	$81.4M	$15.6M	$10.9M
Uncollectible Expense	$50.6M	$30.8M	$59.6M	$41.5M
Pension, SERP and PBOP Income, Net	($54.3M)	($28.3M)	($60.0M)	($39.4M)
Regulatory Over Recoveries, Net	$210.2M	$126.3M	$214.6M	$28.1M
Amortization	$358.4M	$402.8M	$672.8M	$564.6M
Cost of Removal Expenditures	($102.0M)	($41.4M)	($201.7M)	($161.0M)
Sale of Aquarion	$111.4M	—	—	—
Loss on Offshore Wind	$194.0M	—	$284.0M	—
Other	$180.4M	$28.3M	$90.6M	$27.4M
Receivables and Unbilled Revenues, Net	$71.3M	($264.7M)	$25.5M	($51.2M)
Taxes Receivable/Accrued, Net	$122.2M	$247.0M	$93.0M	$323.5M
Accounts Payable	($224.3M)	($145.4M)	($203.3M)	($156.5M)
Other Current Assets and Liabilities, Net	($90.3M)	($141.6M)	($228.1M)	($159.9M)
Net Cash Flows Provided by Operating Activities	$2.4B	$1.3B	$3.2B	$2.1B
Investments in Property, Plant and Equipment	($2.0B)	($1.0B)	($3.2B)	($2.0B)
Proceeds from Sales of Marketable Securities	$126.1M	$41.0M	$256.3M	$123.9M
Purchases of Marketable Securities	($121.4M)	($37.1M)	($242.5M)	($116.8M)
Payments for Offshore Wind Contingent Liability	($233.0M)	($150.0M)	($141.3M)	($68.6M)
Proceeds from Sale of Aquarion	$2.3B	—	—	—
Other Investing Activities	$23.1M	$5.5M	$10.8M	$8.3M
Net Cash Flows Used in Investing Activities	$105.5M	($1.1B)	($3.3B)	($2.1B)
Issuance of Common Shares, Net of Issuance Costs	20.2M	—	465.4M	218.0M
Cash Dividends on Common Shares	-580.3M	-290.0M	-816.4M	-540.9M
Cash Dividends on Preferred Stock	($3.8M)	($1.9M)	($5.6M)	($3.8M)
Decrease in Notes Payable	($1.0B)	($992.4M)	($525.3M)	($662.3M)
Repayment of Rate Reduction Bonds	($21.6M)	($21.6M)	($43.2M)	($21.6M)
Issuance of Long-Term Debt	$2.4B	$1.5B	$2.0B	$1.7B
Retirement of Long-Term Debt	($1.6B)	($250.1M)	($750.2M)	($375.1M)
Other Financing Activities	($44.7M)	($29.3M)	($30.2M)	($26.8M)
Net Cash Flows (Used in)/Provided by Financing Activities	($872.4M)	($82.8M)	$334.7M	$315.8M
Net (Decrease)/Increase in Cash and Restricted Cash	$1.6B	$91.5M	$239.4M	$310.5M
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	$246.2M	$246.2M	$127.3M	$127.3M
Cash, Cash Equivalents and Restricted Cash - End of Period	$1.9B	—	$366.7M	$437.8M

Eversource Energy score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.