Eversource Reports Increased Q4 Profit Driven by Gas Earnings and Reduced One-Time Charges
Eversource Energy reported a fourth-quarter profit increase, supported by stronger gas business results and fewer one-time charges compared to the previous year. The company's net income rose to $421.3 million, or $1.12 per share, from $72.5 million, or 20 cents per share, a year earlier. Its natural gas segment earned $123.6 million, up from $103.4 million in the prior year. Eversource expects 2026 profit between $4.80 and $4.95 per share, with a long-term earnings growth forecast of 5% to 7% through 2030.
Theia Market Signal Identification - AI Assisted
Eversource Energy reported a rise in fourth-quarter profits, achieving net income of $421.3 million, or $1.12 per share, compared to $72.5 million, or 20 cents per share, the previous year. This increase was driven by stronger performance in the natural gas segment, which earned $123.6 million, up from $103.4 million.
The absence of significant one-time charges, including a $298 million after-tax loss from the sale of its Aquarion water unit, further contributed to improved results. Eversource forecasts 2026 profits between $4.80 and $4.95 per share and projects a long-term earnings growth rate of 5% to 7% through 2030. The company has also increased its five-year capital investment plan to $26.5 billion.
Comments