Summary
This 10-Q filing for EVERSOURCE ENERGY (ES) as of September 30, 2025, indicates a stable operational and risk management environment. The company's regulated entities effectively mitigate commodity price risk by passing associated costs and benefits directly to customers, thus eliminating exposure to earnings fluctuations from these instruments. Similarly, interest rate risk is significantly minimized due to the predominantly fixed-rate nature of its long-term debt, with all outstanding debt confirmed to be at fixed rates as of the reporting period. Credit risk is managed through a diverse customer and supplier base, with established practices and collateralization in place for certain contracts.
Financial Highlights
46 data pointsBeta
Financial Statements
Beta
| Revenue | $3.23B |
| Operating Expenses | $2.53B |
| Operating Income | $688.68M |
| Net Income | $369.43M |
| EPS (Basic) | $0.99 |
| EPS (Diluted) | $0.99 |
| Shares Outstanding (Basic) | 371.91M |
| Shares Outstanding (Diluted) | 372.26M |
Key Highlights
- 1Regulated companies' commodity price risk is fully passed through to customers, insulating earnings from market volatility.
- 2All long-term debt as of September 30, 2025, was at fixed interest rates, significantly reducing interest rate risk.
- 3Credit risk is actively managed through a diversified counterparty base and the use of collateral ( $14.0 million from counterparties).
- 4No material changes or new risks identified concerning commodity, interest rate, or credit risk compared to the 2024 Form 10-K.
- 5Disclosure controls and procedures were deemed effective by management as of September 30, 2025.
- 6There were no changes in internal controls over financial reporting during the quarter that materially affected them.
- 7Minor share repurchases (2,436 shares at $70.45) occurred in September 2025, primarily related to 401k plan matching contributions.
Frequently Asked Questions
Eversource's regulated companies manage commodity price risk by entering into energy contracts to serve customers. The economic impacts of these contracts, whether positive or negative, are passed on to the customers. This mechanism ensures that the regulated companies have no exposure to losses in future earnings or fair values due to these market risk-sensitive instruments.
Eversource's exposure to interest rate risk is minimal because its long-term debt is predominantly, and as of September 30, 2025, entirely, at fixed interest rates. This strategy significantly reduces the financial impact of changes in prevailing interest rates on the company's debt obligations.
Credit risk is managed by Eversource through diversification of its customer and supplier base, which includes various types of energy companies and financial institutions. The company employs established credit risk practices and monitors contracting risks. As of September 30, 2025, its regulated companies held $14.0 million in collateral (letters of credit or cash) from counterparties, and Eversource had $44.1 million in cash posted with ISO-NE for energy transactions.
No, the filing explicitly states that there have been no additional risk factors identified and no material changes regarding the risk factors previously disclosed in Eversource's 2024 Form 10-K.