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EVERSOURCE ENERGY FY 2025 10-K, explained in plain English

ES · 10-K for the period ending December 31, 2025, filed February 17, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$13.5B
Gross margin— not reported
Operating income$3.0B
Net income— not reported
Diluted EPS$4.56
Cash & equivalents$135.4M
Total assets$63.8B
Long-term debt$26.9B

Key takeaway

Eversource earned $1.69 billion, or $4.56 per diluted share, in 2025, up sharply from $811.7 million ($2.27/share) in 2024, mainly due to the absence of 2024's large offshore wind sale loss and Aquarion impairment.

🔒 4 more takeaways in the full analysis

Beneath the surface

Cash of $135.4 million is dwarfed by $26.9 billion of long-term debt, leaving Eversource essentially reliant on continuous debt refinancing and credit facilities ($1.12 billion available borrowing capacity) rather than balance sheet liquidity.

🔒 4 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for ES.

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