Is Eversource Energy profitable in 2026?

Yes. Eversource reported FY2025 net income of $1.69B ($4.56/share GAAP), up sharply from $811.7M in FY2024, as of December 31, 2025. Non-GAAP recurring EPS was $4.76, and 2026 EPS guidance sits at $4.57 to $4.72 per the February 13, 2026 report.

Could AI replace Eversource Energy?

No. Eversource's core business is regulated delivery of electricity and gas to 4.4 million customers under exclusive state franchise monopolies in CT, MA and NH. AI can assist load forecasting or back office work but cannot substitute for physical wires, pipes and regulator-granted territory rights.

Who owns Eversource Energy?

Eversource Energy (NYSE: ES) is a public company with no parent, governed by a 14-member Board of Trustees. Joseph R. Nolan serves as Chairman, CEO and President as of July 2026. It trades independently and raises capital via public debt and equity markets.

Is Eversource Energy still in offshore wind?

No. Eversource fully exited offshore wind by September 30, 2024, selling its Sunrise Wind stake to Orsted and South Fork/Revolution Wind stakes to Global Infrastructure Partners for combined proceeds near $975M, while booking a roughly $520M net loss in Q3 2024.

Did Eversource Energy sell Aquarion Water?

Yes. Eversource agreed to sell Aquarion Water Company on January 27, 2025, and closed the $2.4B cash sale (net equity proceeds about $1.7B) to the Aquarion Water Authority, a Connecticut quasi-public entity, on June 30, 2026, after CT PURA approval on March 25, 2026.

Is Eversource Energy doing layoffs?

No layoffs are reported. Company-reported headcount was 10,731 employees as of December 31, 2025, up 0.48% year over year from 10,680 in 2024, continuing steady single-digit percentage growth since 2022 per stockanalysis.com data from May 19, 2026.

Manufacturing companies · United States

Eversource Energy

eversource.com ↗

Regulated electric and gas utility serving 4.4 million customers in Connecticut, Massachusetts, and New Hampshire.

Hard to displace

Assessed 20 July 2026 · Evidence as of 20 July 2026

Strong structural protection; the business model survives ai pressure.

On the recordSince 20 July 2026 · Checkable from year-end 2026 · Every call on the record Checkpoint: FERC decision on transmission ROE dispute (9.57% vs requested 11.39%)

The call

Nothing external threatens Eversource. The only real danger is regulators in Massachusetts or Connecticut turning hostile on rate cases.

Eversource owns and operates the electrical grid serving 4.4 million people across Connecticut, Massachusetts, and New Hampshire. It cannot be replaced because state law grants it exclusive rights to deliver power in its territory, and regulators guarantee it recovers its costs, making this fundamentally different from a business that competes on price or innovation. The real risk is not a competitor or new technology, but whether state regulators approve its planned price increases and funding for power infrastructure upgrades over the next five years.

Why

AI pressure: None apparent. AI cannot compete for franchise territory. It may eventually help Eversource run grids or forecast demand, but it does not threaten the business. Could AI do the core job? Unlikely.

Bigger players: None apparent. No company can build competing wires and pipes in Eversource's franchise areas. State law blocks that door entirely. Could a giant copy it? No, they are blocked.

What protects it. State-granted exclusive franchise rights plus regulatory cost recovery on a $26.5B approved capex plan.

What would change this call

FERC Section 205 ROE appeal resolution by year-end 2026. Would show whether regulators are cutting allowed transmission returns, squeezing earnings.
Q2 2026 earnings call July 31, 2026 and any further EPS guidance cuts. Would show whether the capex-in, earnings-out formula is holding or breaking down.
Moody's or S&P credit rating action tied to FFO-to-debt near 14.2%-14.5% threshold. Would show whether financial buffer has eroded toward a downgrade.

Key numbers

FY2025 revenue $13.55B, up 13.83% (2025-12-31)
FY2025 net income $1.69B, $4.56/share (2025-12-31)
FFO-to-debt at 14.2-14.5%, near downgrade line (2026-07-14)

Named risks

FERC cut transmission base ROE to 9.57%, trimming about $70M from 2026 after-tax earnings. Severity: medium
FFO-to-debt credit metrics at 14.2% to 14.5%, close to S&P/Moody's downgrade thresholds. Severity: high
Political and regulatory scrutiny over high New England rates and executive pay could harden MA/CT rate cases. Severity: medium
Execution risk on ~$2B CT/NH storm-cost securitizations targeted over 12 to 18 months. Severity: low
Legacy pipeline-capacity antitrust litigation with Avangrid remains an unresolved legal exposure. Severity: low

Rivals, as read in July 2026

Rival	Direction	Evidence
National Grid	contesting	Direct transmission-level peer in adjacent MA/RI territory, ongoing capital and regulatory comparison as of 2026-03-25
Avangrid/United Illuminating	contesting	Comparable CT regulated footprint; co-defendant with Eversource in pipeline-capacity antitrust litigation
Unitil	contesting	Smaller-scale NH/MA/ME peer utility, cited as regional comparison as of 2026-06-18
American Electric Power, Evergy, Alliant Energy, Ameren, CMS Energy	contesting	Grouped as national large-cap utility investor peer set as of 2026-05-10

Questions people ask

Is Eversource Energy profitable in 2026?: Yes. Eversource reported FY2025 net income of $1.69B ($4.56/share GAAP), up sharply from $811.7M in FY2024, as of December 31, 2025. Non-GAAP recurring EPS was $4.76, and 2026 EPS guidance sits at $4.57 to $4.72 per the February 13, 2026 report.
Could AI replace Eversource Energy?: No. Eversource's core business is regulated delivery of electricity and gas to 4.4 million customers under exclusive state franchise monopolies in CT, MA and NH. AI can assist load forecasting or back office work but cannot substitute for physical wires, pipes and regulator-granted territory rights.
Who owns Eversource Energy?: Eversource Energy (NYSE: ES) is a public company with no parent, governed by a 14-member Board of Trustees. Joseph R. Nolan serves as Chairman, CEO and President as of July 2026. It trades independently and raises capital via public debt and equity markets.
Is Eversource Energy still in offshore wind?: No. Eversource fully exited offshore wind by September 30, 2024, selling its Sunrise Wind stake to Orsted and South Fork/Revolution Wind stakes to Global Infrastructure Partners for combined proceeds near $975M, while booking a roughly $520M net loss in Q3 2024.
Did Eversource Energy sell Aquarion Water?: Yes. Eversource agreed to sell Aquarion Water Company on January 27, 2025, and closed the $2.4B cash sale (net equity proceeds about $1.7B) to the Aquarion Water Authority, a Connecticut quasi-public entity, on June 30, 2026, after CT PURA approval on March 25, 2026.
Is Eversource Energy doing layoffs?: No layoffs are reported. Company-reported headcount was 10,731 employees as of December 31, 2025, up 0.48% year over year from 10,680 in 2024, continuing steady single-digit percentage growth since 2022 per stockanalysis.com data from May 19, 2026.

Timeline

2026-07-09Scheduled Q2 2026 earnings call for July 31, 2026
2026-06-30Completed $2.4B sale of Aquarion Water Company to CT water authority
2026-03-25CT PURA approved Aquarion Water sale
2026-02-13Reported FY2025 results; announced $26.5B five-year capex plan
2026-02-01Issued $1.5B junior subordinated notes, 5x oversubscribed
2025-10-01Raised $600M in debt financing
2025-03-01Raised $800M in debt financing
2025-01-27Agreed to sell Aquarion Water Company
2024-09-30Completed full exit from offshore wind business
2015-02-19Rebranded from Northeast Utilities; NYSE ticker changed NU to ES

Revision history

20 July 2026

First assessed. Hard to displace. The text above is fixed as of this date and is not edited afterwards.

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