Eversource Energy (ES) Financial Forecast Calculator
Interactive 5-year forecast and DCF for Eversource Energy. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Eversource Energy’s most recent SEC filings.
Assumptions
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Keep iterating on the Eversource Energy forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.
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Frequently asked
What does Eversource Energy do?+
Eversource Energy is a public utility holding company providing electricity, natural gas, and water services to approximately 4.6 million customers across Connecticut, Massachusetts, and New Hampshire. The company focuses on operating regulated energy delivery businesses, including electric distribution, electric transmission, natural gas distribution, and water distribution.
How does Eversource Energy generate revenue?+
Eversource Energy operates as an asset-heavy, regulated monopoly where earnings are primarily driven by its capital investments, known as the rate base, and the allowed returns on equity (ROE) set by state and federal regulators. The company's business model relies on predictable, capped return profiles from its regulated utility operations.
What is Eversource Energy's capital expenditure strategy?+
Eversource Energy has a significant $26.5 billion five-year capital plan for 2026-2030, with capex often representing 30-40% of revenue. This investment is approximately 40% for maintenance and 60% for growth, focusing on grid modernization, decarbonization, and new transmission lines to support regional electrification.
What are the key financial assumptions in an Eversource Energy financial model?+
Key assumptions for an Eversource Energy financial model include a revenue growth rate of about 8.9%, COGS at 55% of revenue, and SGA at 15% of revenue. Additionally, capital expenditure is modeled at approximately 33% of revenue, reflecting the company's asset-heavy nature and significant investment plans.
What drives the valuation of Eversource Energy?+
The valuation of Eversource Energy is primarily driven by its rate base growth and allowed returns, as its business model is a regulated utility. The financial model aims to determine if the company's substantial capital expenditure program and transition to a pure-play regulated utility will generate sufficient earnings growth to support its dividend and valuation targets.
Can I download an Excel financial model for Eversource Energy?+
Yes, an Excel financial model for Eversource Energy is available for download, forecasting financial performance from FY2026 to FY2030. This model helps analyze the company's rate base growth, allowed returns, and equity valuation in light of its strategic capital investments.
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