Eversource Energy (ES) Net Income by Segment

Breaks down profit after expenses by business segment so you can see which operations actually generate earnings, how stable those profits are under regulation, and whether one-time items or weather-related swings are affecting reported results.

Eversource’s segments show steady, seasonal regulated cash earnings—Electric Distribution and Gas spike in heating quarters, Transmission is stable but now a structural headwind after FERC’s reduced ROE has trimmed recurring EPS. Large negative swings in Other/Water this year reflect non‑cash Aquarion carrying‑value and Revolution Wind charges, not core utility deterioration, and the Aquarion proceeds plus planned storm securitizations materially repair the balance sheet. Watch regulatory outcomes (FERC refunds, CT rate/AMI rulings)—they’ll dictate near‑term cash recovery and whether the company hits its 5–7% EPS growth target.