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Revenue by Segment
Tracks top-line sales for each business line to highlight which segments are growing from customer additions, rate cases, or volume changes, and where future revenue visibility or regulatory pressure may lie.Electric and natural‑gas distribution are clearly the revenue engines—both show recurring seasonal spikes and steady upward rate‑base growth (gas benefited from recent Yankee Gas rate relief), while electric transmission revenue has grown steadily but faces an earnings risk: the FERC ROE cut already cost Q1 and is expected to shave ~ $70M from 2026 results. Mounting negative eliminations hint at greater intercompany adjustments or transaction activity (Aquarion timing matters). Storm‑cost securitizations and management’s Section 205 filing are the key catalysts that could blunt near‑term regulatory downside.
Date | Other | Eliminations | Electric Distribution | Natural Gas Distribution | Electric Transmission | Water Distribution |
|---|---|---|---|---|---|---|
Jun 30, 2026 | $439.80M | -$892.20M | $2.18B | $528.70M | $581.00M | $62.40M |
Mar 31, 2026 | $484.40M | -$931.90M | $2.94B | $1.37B | $584.60M | $53.60M |
Dec 31, 2025 | $459.60M | -$887.60M | $2.38B | $775.50M | $588.70M | $56.30M |
Sep 30, 2025 | $428.30M | -$830.00M | $2.72B | $257.10M | $578.10M | $69.20M |
Jun 30, 2025 | $405.80M | -$824.70M | $2.17B | $460.80M | $568.70M | $61.10M |
Mar 31, 2025 | $439.00M | -$837.80M | $2.78B | $1.14B | $547.80M | $50.30M |
Dec 31, 2024 | $447.80M | -$860.90M | $2.21B | $587.20M | $537.10M | $54.60M |
Sep 30, 2024 | $414.70M | -$810.60M | $2.63B | $217.20M | $542.00M | $67.10M |
Jun 30, 2024 | $395.20M | -$813.10M | $1.97B | $393.50M | $534.10M | $57.50M |
Mar 31, 2024 | $443.60M | -$836.60M | $2.26B | $906.00M | $507.80M | $50.10M |