Eversource Energy ES

Revenue Intelligence Report • 62 quarters of SEC filing data • Updated 2026-03-15

Eversource Energy has a forecasted full-year revenue of $14B, a +7.0% year-over-year change, based on 62 quarters of SEC filing data. Key revenue drivers include SG&A ($1.26 per $1). The ARDL model achieves strong accuracy at 2.3% MAPE.

Investment Thesis

Our ARDL model tracks Eversource Energy's revenue with exceptional precision (2.3% MAPE), indicating highly predictable cash flows. Each $1 of SG&A spending generates $1.26 in revenue, reflecting strong commercial efficiency.

Next FY Revenue
$14.5B
+7.0% YoY
SG&A Multiplier
$1.26 per $1
Model Accuracy
2.3% MAPE
Holdout validation: The model predicted $3.3B vs the actual $3.4B — an error of 2.8%.
Note: Eversource Energy does not report R&D expenses separately. This analysis uses SG&A spending only.

Revenue Forecast

ES Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q4 2025 $3.3B $3.4B $3.1B – $3.4B +10.2% ✓ In range
Q2 2026 $3.7B $3.5B – $3.9B -10.5%
Q3 2026 $3.5B $3.3B – $3.8B +23.6%
Q4 2026 $3.6B $3.4B – $3.9B +13.1%
Q1 2027 $3.7B $3.3B – $4.0B +8.6%

How Spending Drives Revenue

ES Spending Timing
Reading this chart: Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.

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