Eversource Energy (ES) 10-Year Financial Performance & Capital Metrics

ES • • Utilities

UtilitiesElectric UtilitiesMulti-Utility CompaniesDual Electric & Gas Utilities

AboutEversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas. The company operates regulated water utilities that provide water services to approximately 226,000 customers. It serves residential, commercial, industrial, municipal and fire protection, and other customers in Connecticut, Massachusetts, and New Hampshire. The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy is based in Springfield, Massachusetts.Show more

Revenue $11.9B
EBITDA $4.48B +39.4%
Net Income $812M +283.5%
Free Cash Flow -$2.32B +13.7%
EBITDA Margin 37.66% +39.5%
Net Margin 6.82% +283.7%
ROE 5.5% +286.2%
Interest Coverage 2.43 -13.2%
Debt/Equity 1.92 +2.6%
Net Debt/EBITDA 6.49 -21.9%
CapEx / Revenue 37.65% +3.4%
CapEx Coverage 0.48 +27.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓23 years of consecutive dividend growth
✓23 consecutive years of dividend growth
✓Healthy dividend yield of 4.0%

✗Weaknesses

✗Weak 3Y average ROE of 3.9%
✗High leverage: 6.5x Debt/EBITDA
✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.39%

5Y6.9%

3Y6.46%

TTM13.12%

Profit (Net Income) CAGR

10Y-0.1%

5Y-2.24%

3Y-12.71%

TTM344.58%

EPS CAGR

10Y-1.27%

5Y-4.18%

3Y-13.77%

TTM332.48%

ROCE

10Y Avg5.4%

5Y Avg5.01%

3Y Avg5.08%

Latest5.3%

Peer Comparison

Dual Electric & Gas Utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AQNBAlgonquin Power & Utilities Cor		25.60	170.63	-14.03%	-57.66%	-26.75%		1.09
ESEversource Energy	26.15B	69.69	30.70	-0.08%	10.22%	8.3%		1.92
PPLPPL Corporation	26.42B	35.71	29.76	1.8%	12.16%	7.58%		1.19
LNTAlliant Energy Corporation	17.24B	67.06	24.93	-1.14%	19.13%	11.19%		1.49
DDominion Energy, Inc.	51.53B	60.34	24.73	0.46%	14.77%	7.36%		1.38
PEGPublic Service Enterprise Group Incorporated	39.64B	79.41	22.43	-8.43%	17.77%	12.24%		1.42
WECWEC Energy Group, Inc.	35.18B	108.16	22.39	-3.3%	17.76%	12.1%	1.22%	1.59
XELXcel Energy Inc.	44.58B	75.36	21.91	-5.38%	11.01%	9.04%		1.55

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	7.95B	7.64B	7.75B	8.45B	8.53B	8.9B	9.86B	12.29B	11.91B	11.9B
Revenue Growth %	0.03%	-0.04%	0.01%	0.09%	0.01%	0.04%	0.11%	0.25%	-0.03%	-0%
Cost of Revenue	4.42B	3.82B	3.81B	4.47B	4.4B	4.47B	5.11B	6.88B	7.06B	8.2B
Gross Profit+	3.54B	3.81B	3.94B	3.97B	4.12B	4.44B	4.75B	5.41B	4.85B	3.7B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.07%	0.08%	0.03%	0.01%	0.04%	0.08%	0.07%	0.14%	-0.1%	-0.24%
Operating Expenses+	1.77B	1.95B	2.02B	2.27B	2.53B	2.45B	2.76B	3.21B	2.45B	997.9M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	2.43B	2.65B	2.78B	2.77B	2.67B	3.15B	3.33B	3.84B	3.22B	4.48B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.08%	0.09%	0.05%	-0%	-0.04%	0.18%	0.06%	0.15%	-0.16%	0.39%
Depreciation & Amortization+	665.86M	787.16M	863.79M	1.07B	1.08B	1.16B	1.33B	1.64B	815.72M	1.78B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	1.76B	1.86B	1.92B	1.7B	1.59B	1.99B	1.99B	2.2B	2.4B	2.71B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.08%	0.05%	0.03%	-0.11%	-0.06%	0.25%	0%	0.1%	0.09%	0.13%
Interest Expense+	372.42M	400.96M	421.75M	498.81M	533.2M	538.45M	582.33M	678.27M	855.44M	1.11B
Interest Coverage	4.74x	4.64x	4.55x	3.41x	2.98x	3.69x	3.42x	3.24x	2.80x	2.43x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	1.43B	1.5B	1.57B	1.33B	1.19B	1.56B	1.57B	1.87B	-275.04M	1.24B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	539.97M	555M	578.89M	288.97M	273.5M	346.19M	344.22M	453.57M	159.68M	424.66M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	878.49M	942.3M	988M	1.03B	909.05M	1.21B	1.22B	1.4B	-442.24M	811.65M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.07%	0.07%	0.05%	0.05%	-0.12%	0.33%	0.01%	0.15%	-1.31%	2.84%
EPS (Diluted)+	2.76	2.96	3.11	3.25	2.81	3.55	3.54	4.05	-1.27	2.27
EPS Growth %	0.07%	0.07%	0.05%	0.05%	-0.14%	0.26%	-0%	0.14%	-1.31%	2.79%
EPS (Basic)	2.77	2.97	3.11	3.25	2.83	3.56	3.55	4.05	-1.27	2.27
Diluted Shares Outstanding	318.43M	318.45M	318.03M	317.99M	322.94M	339.85M	344.63M	347.25M	349.58M	357.48M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	30.58B	32.05B	36.22B	38.24B	41.12B	46.1B	48.49B	53.23B	55.61B	59.59B
Asset Growth %	0.03%	0.05%	0.13%	0.06%	0.08%	0.12%	0.05%	0.1%	0.04%	0.07%
PP&E (Net)+	19.89B	21.35B	23.62B	25.61B	27.59B	30.88B	33.38B	36.11B	39.5B	40.99B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	2.62B	2.48B	2.49B	2.29B	2.41B	3.13B	3.27B	4.22B	4.25B	5.08B
Cash & Equivalents	23.95M	30.25M	38.16M	108.07M	15.43M	106.6M	66.77M	374.6M	53.87M	26.66M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	336.48M	328.72M	223.06M	238M	235.5M	265.6M	267.5M	374.4M	507.3M	594.6M
Other Current Assets	845.84M	887.63M	961.42M	514.82M	651.08M	1.08B	1.13B	1.72B	2.03B	2.56B
Long-Term Investments	516.48M	544.64M	585.42M	881.79M	1.32B	1.56B	1.9B	2.54B	998.29M	488.92M
Goodwill	3.52B	3.52B	4.43B	4.43B	4.43B	4.45B	4.48B	4.52B	4.53B	3.57B
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Other Assets	4.03B	4.16B	5.1B	5.03B	5.38B	6.08B	5.47B	5.83B	6.34B	9.47B
Total Liabilities	20.07B	21.19B	24.98B	26.6B	28.34B	31.88B	33.74B	37.6B	41.28B	44.4B
Total Debt+	10.2B	10.75B	13.41B	14.63B	15.57B	18.09B	20.22B	22.94B	26.75B	29.11B
Net Debt	10.17B	10.72B	13.38B	14.52B	15.56B	17.98B	20.15B	22.57B	26.7B	29.09B
Long-Term Debt	8.81B	8.83B	11.78B	12.83B	14.31B	15.62B	17.48B	20.13B	23.96B	26.03B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	9.9M	8.6M	49.4M	103.3M	92.6M	102.1M	111.3M	123.8M
Total Current Liabilities+	2.99B	3.64B	3.59B	4.11B	3.61B	4.92B	5.85B	6.8B	6.34B	6.72B
Accounts Payable	813.65M	884.52M	1.09B	1.12B	1.15B	1.37B	1.67B	2.11B	1.87B	1.74B
Accrued Expenses	0	0	0	0	0	0	0	0	0	341.56M
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	786.31M	831.7M	866.29M	1.19B	1.2B	1.18B	1.43B	1.88B	1.67B	1.55B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	3.13B	3.11B	6.32B	6.15B	6.67B	7.14B	5.82B	5.6B	5.57B	6.24B
Total Equity+	10.51B	10.87B	11.24B	11.64B	12.79B	14.22B	14.76B	15.63B	14.33B	15.19B
Equity Growth %	0.04%	0.03%	0.03%	0.04%	0.1%	0.11%	0.04%	0.06%	-0.08%	0.06%
Shareholders Equity	10.35B	10.71B	11.09B	11.49B	12.63B	14.06B	14.6B	15.47B	14.17B	15.04B
Minority Interest	155.57M	155.57M	155.57M	155.57M	155.57M	155.57M	155.57M	155.57M	155.57M	155.57M
Common Stock	1.67B	1.67B	1.67B	1.67B	1.73B	1.79B	1.79B	1.8B	1.8B	1.88B
Additional Paid-in Capital	6.26B	6.25B	6.24B	6.24B	7.09B	8.02B	8.1B	8.4B	8.46B	9.43B
Retained Earnings	2.8B	3.18B	3.56B	3.95B	4.18B	4.61B	5.01B	5.53B	4.14B	3.93B
Accumulated OCI	-66.84M	-65.28M	-66.4M	-60M	-65.06M	-76.41M	-42.27M	-39.42M	-33.74M	-26.47M
Return on Assets (ROA)	0.03%	0.03%	0.03%	0.03%	0.02%	0.03%	0.03%	0.03%	-0.01%	0.01%
Return on Equity (ROE)	0.09%	0.09%	0.09%	0.09%	0.07%	0.09%	0.08%	0.09%	-0.03%	0.05%
Debt / Equity	0.97x	0.99x	1.19x	1.26x	1.22x	1.27x	1.37x	1.47x	1.87x	1.92x
Debt / Assets	0.33%	0.34%	0.37%	0.38%	0.38%	0.39%	0.42%	0.43%	0.48%	0.49%
Net Debt / EBITDA	4.19x	4.05x	4.81x	5.24x	5.82x	5.71x	6.05x	5.87x	8.30x	6.49x
Book Value per Share	33	34.13	35.35	36.61	39.59	41.84	42.82	45.01	40.99	42.51

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.42B	2.18B	2B	1.78B	2.01B	1.68B	1.96B	2.4B	1.65B	2.16B
Operating CF Growth %	-0.13%	0.53%	-0.08%	-0.11%	0.13%	-0.16%	0.17%	0.22%	-0.31%	0.31%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	878.49M	942.3M	995.51M	1.03B	909.05M	1.21B	1.22B	1.41B	-442.24M	819.17M
Depreciation & Amortization	665.86M	715.47M	773.8M	1.07B	1.08B	1.16B	1.33B	1.64B	815.72M	1.78B
Deferred Taxes	491.74M	466.46M	491.63M	174.81M	209.81M	257.15M	347.06M	346.78M	85.41M	435.89M
Other Non-Cash Items	-322.52M	-82.27M	-346.42M	-341.9M	-70.29M	-728.36M	-668.34M	-914.26M	1.6B	-561.18M
Working Capital Changes	-22.99M	94.58M	70.71M	-153.89M	-119.66M	-210.45M	-271.62M	-120.16M	-441.88M	-310.51M
Capital Expenditures+	-1.72B	-1.98B	-2.35B	-2.52B	-2.91B	-2.94B	-3.18B	-3.44B	-4.34B	-4.48B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-1.66B	-2.15B	-3.21B	-2.39B	-3.27B	-4.13B	-3.45B	-4.13B	-4.87B	-4.54B
Acquisitions	0	0	-877.65M	193.92M	-416.34M	-239.67M	-327.38M	-742.5M	-589.81M	-66.97M
Purchase of Investments	-717.11M	-870.23M	-843.14M	-1.11B	-537.26M	-401.82M	-414.98M	-424.17M	-336.78M	-242.96M
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	-17.06M	36.95M	25.52M	6.75M	24.2M	-978.91M	22.18M	20.42M	-2.9M	-13.37M
Cash from Financing+	210.64M	-17.94M	1.21B	729.94M	1.17B	2.59B	1.44B	2.03B	2.87B	2.34B
Dividends Paid	-537.31M	-572M	-609.6M	-647.63M	-670.76M	-752.18M	-812.96M	-867.55M	-926.51M	-1.01B
Dividend Payout Ratio %	0.6%	0.6%	0.61%	0.62%	0.73%	0.62%	0.66%	0.61%	-	1.23%
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Stock Issued	0	0	0	0	852.25M	928.99M	0	197.06M	0	989.45M
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	670.15M	-33.48M	-4.75M	-28.46M	-1.01M	14.27M	-46.63M	-48.19M	-46.47M	-57.08M
Net Change in Cash+	-14.76M	6.3M	7.91M	123.43M	-92.26M	147.89M	-43.94M	300.74M	-355.33M	-39.11M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	38.7M	23.95M	30.25M	85.89M	209.32M	117.06M	264.95M	221.01M	521.75M	166.42M
Cash at End	23.95M	30.25M	38.16M	209.32M	117.06M	264.95M	221.01M	521.75M	166.42M	127.31M
Free Cash Flow+	-300.11M	198.19M	-343.17M	-739.39M	-901.91M	-1.26B	-1.21B	-1.04B	-2.69B	-2.32B
FCF Growth %	-10.46%	1.66%	-2.73%	-1.15%	-0.22%	-0.4%	0.04%	0.14%	-1.59%	0.14%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.51%	8.82%	8.94%	9.03%	7.44%	8.93%	8.42%	9.25%	-2.95%	5.5%
EBITDA Margin	30.55%	34.65%	35.89%	32.81%	31.33%	35.35%	33.74%	31.26%	26.99%	37.66%
Net Debt / EBITDA	4.19x	4.05x	4.81x	5.24x	5.82x	5.71x	6.05x	5.87x	8.30x	6.49x
Interest Coverage	4.74x	4.64x	4.55x	3.41x	2.98x	3.69x	3.42x	3.24x	2.80x	2.43x
CapEx / Revenue	21.67%	25.88%	30.29%	29.87%	34.15%	33.05%	32.19%	28.01%	36.41%	37.65%
Dividend Payout Ratio	60.31%	59.9%	60.94%	61.97%	72.96%	61.79%	65.99%	61.22%	-	123.39%
Debt / Equity	0.97x	0.99x	1.19x	1.26x	1.22x	1.27x	1.37x	1.47x	1.87x	1.92x
EPS Growth	6.98%	7.25%	5.07%	4.5%	-13.54%	26.33%	-0.28%	14.41%	-131.36%	278.74%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Eversource Electric Distribution	-	-	-	-	-	-	7.42B	9.41B	9.01B	9.07B
Eversource Electric Distribution Growth	-	-	-	-	-	-	-	26.75%	-4.27%	0.66%
Eversource Electric Transmission	-	-	-	-	-	-	1.76B	1.81B	1.92B	2.12B
Eversource Electric Transmission Growth	-	-	-	-	-	-	-	2.77%	5.93%	10.71%
Natural Gas Distribution	995.5M	857.7M	947.3M	-	1.06B	1.21B	1.79B	2.22B	2.22B	2.1B
Natural Gas Distribution Growth	-	-13.84%	10.45%	-	-	13.60%	48.06%	23.80%	0.28%	-5.30%
Other	863.6M	870.4M	946.9M	21.6M	-	-	1.35B	1.44B	1.64B	1.7B
Other Growth	-	0.79%	8.79%	-97.72%	-	-	-	6.02%	14.01%	3.95%
Water Distribution	-	-	-	-	214.6M	219.6M	211.3M	224.4M	232.5M	233.4M
Water Distribution Growth	-	-	-	-	-	2.33%	-3.78%	6.20%	3.61%	0.39%
Eliminations	-	-	-	-	-	-	-2.55B	-2.8B	-3.07B	-3.32B
Eliminations Growth	-	-	-	-	-	-	-	-9.74%	-9.69%	-8.20%
Electric Distribution	5.9B	5.59B	5.54B	-	-	-	-	-	-	-
Electric Distribution Growth	-	-5.24%	-0.92%	-	-	-	-	-	-	-
Electric Transmission	1.07B	1.21B	1.3B	-	-	-	-	-	-	-
Electric Transmission Growth	-	13.18%	7.58%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Other	-	-	-	936.3M	-	-	-	-	-	-
Other Growth	-	-	-	-	-	-	-	-	-	-
Water	-	-	-	212M	-	-	-	-	-	-
Water Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Eversource Energy (ES) has a price-to-earnings (P/E) ratio of 30.7x. This suggests investors expect higher future growth.

Growth & Financials

Eversource Energy (ES) reported $13.15B in revenue for fiscal year 2024. This represents a 194% increase from $4.47B in 2011.

Eversource Energy (ES) saw revenue decline by 0.1% over the past year.

Yes, Eversource Energy (ES) is profitable, generating $1.34B in net income for fiscal year 2024 (6.8% net margin).

Dividend & Returns

Yes, Eversource Energy (ES) pays a dividend with a yield of 4.02%. This makes it attractive for income-focused investors.

Eversource Energy (ES) has a return on equity (ROE) of 5.5%. This is below average, suggesting room for improvement.

Eversource Energy (ES) had negative free cash flow of $524.4M in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

Eversource Energy (ES) has a dividend payout ratio of 123%. The high payout ratio may limit dividend growth.

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