Eversource Energy : Q1 2026 EGMA Financial Statements

Published: 2026-05-11 11:15:14 ET ES

Published on 05/11/2026 at 11:15 am EDT

‌BALANCE SHEETS

(Unaudited)

(Thousands of Dollars)

As of March 31, 2026

As of December 31, 2025

ASSETS

Current Assets:

Cash

$ 11,316

$ 47

Receivables, Net (net of allowance for uncollectible accounts of $60,359 and $54,606 as of March 31, 2026 and December 31, 2025, respectively)

150,647

90,552

Accounts Receivable from Affiliated Companies

10,214

12,716

Unbilled Revenues

20,506

39,664

Natural Gas, Materials and Supplies Inventory

19,351

25,984

Regulatory Assets

195,836

249,435

Restricted Cash

17,347

21,376

Other Current Assets

967

15,192

Total Current Assets

426,184

454,966

Property, Plant and Equipment, Net

2,229,360

2,218,190

Deferred Debits and Other Assets:

Regulatory Assets

168,616

166,694

Goodwill

51,932

Prepaid Pension

40,982

40,368

Other Long-Term Assets

40,330

38,950

Total Deferred Debits and Other Assets

301,860

297,944

Total Assets

$ 2,957,404

$ 2,971,100

LIABILITIES AND CAPITALIZATION

Current Liabilities:

Notes Payable to Eversource Parent

$ 118,000

$ 88,000

Accounts Payable

49,977

78,202

Accounts Payable to Affiliated Companies

40,674

128,699

Accrued Taxes

41,397

5,037

Regulatory Liabilities

47,926

20,996

Energy Relief Fund Obligations

17,387

21,419

Finance Lease Obligations

22,005

21,955

Other Current Liabilities

25,562

18,785

Total Current Liabilities

362,928

383,093

Deferred Credits and Other Liabilities:

Regulatory Liabilities

125,434

125,856

Accumulated Deferred Income Taxes

209,958

224,180

Finance Lease Obligations

36,193

36,927

Other Long-Term Liabilities

54,579

54,116

Total Deferred Credits and Other Liabilities

426,164

441,079

Long-Term Debt

930,536

930,452

Common Stockholder's Equity:

Common Stock

Capital Surplus, Paid In

972,382

Retained Earnings

265,394

244,094

Common Stockholder's Equity

1,237,776

1,216,476

Total Liabilities and Capitalization

$ 2,957,404

$ 2,971,100

Note: In the opinion of the Company, all adjustments for a fair presentation of these financial statements for the periods shown have been made.

‌STATEMENTS OF INCOME

(Unaudited)

For the Three Months Ended March 31,

(Thousands of Dollars) 2026 2025

Operating Revenues $ 533,728 $ 451,438

Operating Expenses:

Cost of Natural Gas

217,736

179,770

Operations and Maintenance

43,994

46,178

Depreciation

25,748

24,769

Amortization of Regulatory Assets, Net

26,571

21,706

Energy Efficiency Programs

66,882

50,724

Taxes Other Than Income Taxes

11,991

10,848

Total Operating Expenses

392,922

333,995

Operating Income

140,806

117,443

Interest Expense

9,005

7,792

Other Income, Net

4,631

4,637

Income Before Income Tax Expense

136,432

114,288

Income Tax Expense

37,532

31,468

Net Income

$ 98,900

$ 82,820

Note: In the opinion of the Company, all adjustments for a fair presentation of these financial statements for the periods shown have been made.

‌STATEMENTS OF COMMON STOCKHOLDER'S EQUITY

(Unaudited)

For the Three Months Ended March 31, 2026

Common Stock

Total Common

Retained Stockholder's

(Thousands of Dollars, Except Stock Information)

Stock

Amount

Capital Surplus, Paid In

Earnings

Equity

Net Income

98,900

Dividends on Common Stock (77,600) (77,600)

Balance as of January 1, 2026 100 $ - $ 972,382 $ 244,094 $ 1,216,476

Balance as of March 31, 2026 100 $ - $ 972,382 $ 265,394 $ 1,237,776

For the Three Months Ended March 31, 2025

Common Stock

Total Common

Retained Stockholder's

(Thousands of Dollars, Except Stock Information)

Stock

Amount

Capital Surplus, Paid In

Earnings

Equity

Net Income

82,820

Dividends on Common Stock (15,500) (15,500)

Balance as of January 1, 2025 100 $ - $ 922,382 $ 174,124 $ 1,096,506

Balance as of March 31, 2025 100 $ - $ 922,382 $ 241,444 $ 1,163,826

Note: In the opinion of the Company, all adjustments for a fair presentation of these financial statements for the periods shown have been made.

‌STATEMENTS OF CASH FLOWS

(Unaudited)

For the Three Months Ended March 31,

(Thousands of Dollars) 2026 2025

Operating Activities:

Net Income

$ 98,900

$ 82,820

Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:

Depreciation

25,748

24,769

Deferred Income Taxes

(14,180)

(14,648)

Pension and PBOP Income, Net

(230)

(233)

Amortization of Regulatory Assets, Net

26,571

21,706

Regulatory Over Recoveries, Net

52,944

50,172

Uncollectible Expense

7,163

6,955

Cost of Removal Expenditures

(7,742)

(5,551)

Other

3,224

2,605

Changes in Current Assets and Liabilities:

Receivables and Unbilled Revenues, Net

(48,578)

(77,843)

Taxes Receivable/Accrued, Net

55,273

80,233

Accounts Payable

(105,934)

(7,665)

Other Current Assets and Liabilities, Net

4,615

4,753

Net Cash Flows Provided by Operating Activities

97,774

168,073

Investing Activities:

Investments in Property, Plant and Equipment

(42,250)

(55,640)

Net Cash Flows Used in Investing Activities

(42,250)

(55,640)

Financing Activities:

Cash Dividends on Common Stock

(77,600)

(15,500)

Increase/(Decrease) in Notes Payable to Eversource Parent

30,000

(93,000)

Other Financing Expenses

(684)

(697)

Net Cash Flows Used in Financing Activities

(48,284)

(109,197)

Net Increase in Cash and Restricted Cash

7,240

3,236

Cash and Restricted Cash - Beginning of Period

21,423

29,036

Cash and Restricted Cash - End of Period

$ 28,663

$ 32,272

Note: In the opinion of the Company, all adjustments for a fair representation of these financial statements for the periods shown have been made.

Disclaimer

Eversource Energy published this content on May 11, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 11, 2026 at 15:14 UTC.