Eversource Energy operates as a public utility holding enterprise, with its core operations centered on the provision and delivery of various energy ...
Eversource Energy (NYSE: ES) is a public utility holding company headquartered in Springfield, Massachusetts, with roots tracing back to 1966 when it was formed as Northeast Utilities. The company adopted its current name in April 2015. As of 2025, it employs approximately 10,731 full-time employees, serving over 4.4 million customers across three New England states. Eversource's operations are segmented into electric transmission, electric distribution, natural gas distribution, and water utility services. It owns and operates approximately 9,000 miles of transmission lines and 44,000 miles of distribution lines, delivering electricity to about 2.3 million customers and natural gas to about 1.9 million customers, plus water services to ~226,000 customers. Key financial metrics (TTM): market cap ~$27.3 billion, enterprise value ~$55.3 billion, revenue per share $37.18, net profit margin 10.4%, return on equity 8.9%, and dividend yield 4.2%. The company maintains a strong balance sheet with debt-to-equity of 1.82 and interest coverage of 2.28. Eversource is actively transitioning to cleaner energy, including solar generation, and invests heavily in grid modernization and resiliency. Its senior leadership is headed by Chairman, President, and CEO Joseph R. Nolan Jr., who earns approximately $19 million annually, a point of public scrutiny. The company prioritizes community support, safety, and reliability, and aims to achieve carbon neutrality by 2030. With a history of mergers, including the 2012 acquisition of NSTAR, Eversource continues to expand its service territory and invest in innovative tools to help customers manage energy costs, while navigating regulatory environments in its service areas.
