Eversource Energy reported its financial results for the first quarter of 2025, highlighting significant improvements in its business segments. The electric transmission segment earned $199.4 million, up from $176.7 million in the same period of 2024, reflecting a $22.7 million increase. This growth was primarily attributed to continued investment in Eversource's electric transmission system. The electric distribution segment also showed positive results, with earnings of $188.4 million compared to $168.1 million in the first quarter of 2024. This $20.3 million increase was mainly due to higher revenues from base distribution rate increases in Eversource's New Hampshire and Massachusetts electric businesses. In terms of overall performance, Eversource Energy reported a GAAP EPS of $1.50 for the first quarter of 2025. The company continues to focus on implementing innovative technology solutions, such as the smart meter project in Massachusetts, which is expected to provide clear benefits for customers.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.