# Eversource Energy (ES) — Stock CV

Eversource Energy is a $24.8B utility company. Revenue grew 7.8% over the last year, it keeps 10¢ of every dollar of sales as profit, and its net debt equals ~89.8 years of free cash flow. It trades at 17.1× earnings — around the middle of its own history.

> Eversource Energy is a diversified holding company with subsidiaries that provide rate-regulated electric, gas, and water distribution service to more than 4 million customers in the Northeast US. Eversource expanded its service territories with acquisitions of NStar (2012), Aquarion (2017), and Columbia Gas (2020).

## Identity

- **Ticker**: ES
- **Sector**: Utilities
- **Industry**: Electric Services
- **Headquarters**: SPRINGFIELD, MA
- **Employees**: 10 731
- **Website**: https://www.eversource.com
- **Market cap**: $24.8B
- **Last price**: $65.73
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $14.0B
- **Net income**: $1.43B
- **Free cash flow**: $298M
- **Net debt**: $26.7B
- **P/E**: 17.1
- **Revenue growth (YoY)**: 7.8%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 62 |
| Growth | 44 |
| Profitability | 57 |
| Health | 21 |
| Quality | 73 |
| Moat | 5 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +7.8% YoY
- [x] Profitable — $1.43B TTM
- [x] Profit growing — +4.0% YoY
- [x] Generates cash — $298M TTM
- [ ] Debt under control — ~89.8y of cash flow to repay
- [x] Established company — $24.8B market cap
- [x] Not printing shares — +9.2% shares over ~5y
- [x] Proven track record — 9/10 profitable years
- [ ] Financially stable — health score 16/100
- [x] Pays a dividend — yield 4.60%
- [x] Valuation not extreme — P/E 17.1

## Experience (career milestones)

- **FY2025** — Best year on record: $1.45B net income
- **FY2022** — Revenue crossed $10B: $12.3B for the year
- **2017** — Eversource announced its merger with Aquarion Water Company for $1.675 billion
- **FY2016** — First recorded profitable year: $950M net income
- **FY2016** — Revenue already above $1B: $7.64B in first reported year
- **Feb 2, 2015** — This company and all its subsidiaries rebranded themselves as "Eversource Energy"
- **2012** — Following its 2012 merger with Boston-based NSTAR, Northeast Utilities had more than 4,270 circuit miles of electric…
- **2001** — However, Con Edison backed out of the merger in 2001 after Connecticut's Attorney General Richard Blumenthal…
- **1999** — Con Edison and Northeast Utilities entered negotiations that would have created one of the largest…
- **1926** — Public Service Company of New Hampshire (PSNH, formed in 1926), a private company at the time, declared bankruptcy…
- **1917** — Henry Roraback, became the Connecticut Light and Power Company in 1917

## Strengths

- None stand out in the data.

## Watch-outs

- Loss-making in 1 of the recent years
- Net debt equals ~89.8 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $9.86B | $1.22B | -$1.21B |
| FY2022 | $12.3B | $1.41B | -$1.04B |
| FY2023 | $11.9B | -$435M | -$2.69B |
| FY2024 | $11.9B | $1.36B | -$2.32B |
| FY2025 | $13.5B | $1.45B | -$45.1M |

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Source: https://stockcv.com/ES — derived from company filings; may be delayed or incomplete. Information, not investment advice.