Q2 2025 Eversource Energy Earnings Call Transcript
Key Points
- Eversource Energy (ES) reported solid earnings growth from its transmission and distribution businesses, with second-quarter earnings of $0.96 per share, in line with expectations.
- The company reaffirmed its 2025 EPS guidance range of $4.67 to $4.82 per share and its long-term EPS growth projection of 5% to 7% through 2029.
- Eversource Energy (ES) has made significant progress in its infrastructure investment plan, executing $2.2 billion of its $4.7 billion target for the year.
- The company maintained top decile reliability performance during record-breaking heat waves, thanks to continued investment in grid modernization.
- Eversource Energy (ES) received a constructive decision on the rate case for the Public Service Company of New Hampshire, supporting investments in grid modernization and system reliability.
- Moody's downgraded Connecticut Light & Power to Baa1 from A3, citing the Connecticut regulatory environment as the reason.
- Eversource Energy (ES) faces higher interest expenses, impacting its financial results, particularly at the parent level.
- The company is still awaiting regulatory approval for the Aquarion divestiture, which is crucial for its financial strategy.
- The timing for storm cost securitization in Connecticut has been pushed to 2027, delaying potential cash flow benefits.
- Eversource Energy (ES) is cautious about redeploying capital back into Connecticut due to regulatory uncertainties.
Good day, and thank you for standing by. Welcome to the Eversource Energy Q2 2025 earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to turn the conference over to your first speaker, Rima Hyder, Vice President of Investor Relations. Please go ahead.
Good morning, and thank you for joining us today on the second quarter 2025 earnings call for Eversource. During this call, we'll be referencing slides that we posted this morning on our website. As you can see on Slide 1, some of the statements made during this investor call may be forward-looking. These statements are based on management's current expectations and are subject to risk and uncertainty, which may cause the actual results to differ materially from forecasts and projections. We undertake no obligation to update or revise any of these statements.
Additional information about the various factors that may cause actual results to differ and our
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