Eversource (ES) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, February 13, 2026 astatine 9:32 AM CST 37 min read

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Friday, Feb. 13, 2026 astatine 9 a.m. ET

• Chairman, President & CEO — Joseph R. Nolan

• Executive Vice President & CFO — John M. Moreira

• Vice President, Investor Relations — Rima Hyder

Joseph R. Nolan: Thank you, Rima, and bully morning, everyone. And convey you for joining america contiguous for our year-end net call. I americium pleased to study that 2025 was different twelvemonth of beardown execution crossed the organization. Our squad delivered fantabulous operational performance, continued to beforehand captious infrastructure needs for our customers, leveraging exertion solutions to little O&M costs, and remained focused connected providing safe, reliable, and affordable work to customers and communities we are arrogant to serve. We besides made meaningful advancement moving collaboratively with authorities policymakers, regulators, and stakeholders to code captious priorities similar affordability portion remaining focused connected reliability. This remains a apical precedence for Eversource Energy.

Our extremity is to guarantee authorities leaders person the tools they request to enactment customers and that we person the regulatory clarity to marque the investments indispensable to balancing affordability and reliability. These challenges tin lone beryllium solved done existent partnerships, moving unneurotic look to look with shared goals. Moving to Slide 4. Let maine instrumentality you done immoderate of our 2025 accomplishments. Starting with our fiscal performance, I americium arrogant to study that we delivered connected our committedness of non-GAAP net with full-year net per stock of $4.76. We besides paid dividends of $3.01 per stock to our shareholders, representing a 5.2% increase. Moving connected to Slide 5.

In 2025, our employees erstwhile again demonstrated their committedness to operational excellence. Throughout the year, we delivered precocious levels of work reliability, responded efficaciously to respective important upwind events, and continued making advancement connected projects that fortify the resiliency and sustainability of our electric, earthy gas, and h2o systems. As a result, we had apical decile show for some the MAIFI and the SAIDI metrics. That demonstrates our investments vastly amended reliability for customers. With this precocious level of performance, our electrical customers, connected average, acquisition an outage lone erstwhile successful astir 2 years. We successfully deployed implicit $4,000,000,000 successful superior investments successful 2025.

Our squad has precocious grid modernization initiatives, expanded lawsuit vigor ratio programs, and continued supporting the region's semipermanent decarbonization goals. These efforts reenforce our relation arsenic a trusted spouse for New England's cleanable vigor aboriginal and show our quality to execute consistently crossed a wide acceptable of priorities. Our precocious metering infrastructure, oregon AMI, program, has officially reached implicit 100,000 astute metre installations successful Massachusetts, a important milestone successful this multiyear effort to upgrade much than 1,500,000 meters statewide and present much modern tools with greater functionality that volition payment customers. On the regulatory front, we obtained respective constructive decisions that volition enactment ongoing infrastructure needs, including complaint outcomes and outgo betterment mechanisms that align with our infrastructure concern needs.