Eversource Q4 2024 Earnings Report

Key Takeaways

Eversource Energy reported Q4 2024 earnings of $72.5 million ($0.20 per share), recovering from a Q4 2023 loss of $1,288.5 million (-$3.68 per share). Non-GAAP earnings totaled $370.8 million ($1.01 per share), up from $333.5 million ($0.95 per share) in Q4 2023. Revenue increased to $2.97 billion from $2.69 billion a year earlier.

Total Revenue

$2.97B

Previous year: $2.69B

+10.3%

EPS

$1.01

Previous year: $0.95

+6.3%

Operating Margin

11.71%

Eversource Revenue

Eversource EPS

Eversource Revenue by Segment

Forward Guidance

Eversource expects earnings per share in 2025 to be between $4.67 and $4.82, with a long-term EPS growth target of 5-7% through 2029. The company plans a $24.2 billion investment in infrastructure over the next five years.

Positive Outlook

Projected EPS growth of 5-7% through 2029
Planned $24.2 billion investment in infrastructure
Strong performance in electric and natural gas distribution
Improved operating efficiency and cost control
Expected balance sheet strengthening through Aquarion divestiture

Challenges Ahead

Pending sale of Aquarion may impact short-term results
Higher interest expenses affecting earnings
Regulatory risks associated with rate increases
Challenges in offshore wind investment recovery
Macroeconomic uncertainties impacting capital markets