Eversource Energy (ES) revenue breakdown
By segment, Electric Distribution is the largest at 65% of fiscal 2025 revenue; Natural Gas Distribution grew fastest, 13% a year over 9 years.
By product, Residential is the largest at 51% of fiscal 2025 revenue; Wholesale Market Sales Revenues grew fastest, 26% a year over 7 years.
Revenue by segment
Fiscal years, as Eversource Energy reports them in its 10-K filings; fiscal 2025 total $15.3B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Electric Distribution | — | $5.5B | $7.0B | $6.9B | $7.0B | $7.4B | $9.4B | $9.0B | $9.0B | $10.0B | 65% |
| Natural Gas Distribution | $858M | $947M | $1.0B | $1.1B | $1.2B | $1.8B | $2.2B | $2.2B | $2.1B | $2.6B | 17% |
| Electric Transmission | — | $1.3B | $1.3B | $1.3B | $1.6B | $1.8B | $1.7B | $1.8B | $2.0B | $2.5B | 16% |
| Water Distribution | — | — | $206M | $209M | $220M | $209M | $224M | $231M | $233M | $251M | 2% |
| Eversource Electric Distribution | $5.6B | — | — | — | — | — | — | — | — | — | — |
| Eversource Electric Transmission | $1.2B | — | — | — | — | — | — | — | — | — | — |
| Other Segments | $870M | — | — | — | — | — | — | — | — | — | — |
| Water Distribution | — | $16M | — | — | — | — | — | — | — | — | — |
Revenue by product
Fiscal years, as Eversource Energy reports them in its 10-K filings; fiscal 2025 total $13.5B.
| Products | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Residential | $4.4B | $4.4B | $4.7B | $5.1B | $6.1B | $6.3B | $6.2B | $6.9B | 51% |
| Commercial | $3.0B | $3.0B | $2.8B | $3.0B | $3.6B | $3.6B | $3.6B | $4.1B | 30% |
| Wholesale Market Sales Revenues | $241M | $275M | $374M | $662M | $1.3B | $836M | $825M | $1.2B | 9% |
| Wholesale Transmission Revenues | $264M | $269M | $341M | $453M | $436M | $467M | $503M | $665M | 5% |
| Industrial | $442M | $422M | $426M | $500M | $559M | $524M | $544M | $610M | 5% |
| Other Revenues from Contracts with Customers | $82M | $81M | $112M | $114M | $111M | $124M | $122M | $114M | 1% |
| Reserve for Revenues Subject to Refund | — | — | — | -$79M | $72M | — | — | — | — |
| Amortization of/(Reserve for) Revenues Subject to Refund | -$24M | — | — | — | — | — | — | — | — |
Questions
Where does Eversource Energy make its money?
In fiscal 2025, by segment: Electric Distribution $10.0B, Natural Gas Distribution $2.6B, Electric Transmission $2.5B, Water Distribution $251M.
From Eversource Energy's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.