Eversource Energy (ES) Operating Expenses (2009 - 2026)
Eversource Energy (ES) reported Operating Expenses of $3.43 billion for Q1 2026, up 7.4% from $3.19 billion a year earlier and up 28.9% from the prior quarter.
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Analysis
Eversource Energy (ES) Operating Expenses (2009 - 2026) Analysis & Trends
Over the twelve months ended Mar 31, 2026, Eversource Energy's Operating Expenses came in at $10.79 billion, up 5.9% year-over-year; for FY2025, it was $10.56 billion, up 11.2% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of 8.8% (FY2020 to FY2025).
- By year, Operating Expenses came in at $9.49 billion in FY2024 (-0.2%), $9.51 billion in FY2023 (-5.7%), $10.09 billion in FY2022 (+28.2%) and $7.87 billion in FY2021 (+13.8%).
- The Q1 2026 figure ranks as the highest quarterly Operating Expenses in data going back to Q2 2009.
- Year over year, Operating Expenses has now increased in each of the last seven quarters, with growth averaging 9.7% over the last eight quarters.
- The high point for year-over-year Operating Expenses in five years was Q3 2022 (growth of 36.4%); the low point was Q1 2024 (a decline of 18.4%).
- Per Business Quant data, the three quarters before Q1 2026 came in at $2.66 billion (Q4 2025), $2.53 billion (Q3 2025) and $2.18 billion (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 287.73 Bn | 287.73 Bn | 890.00 Mn | -140.00 Mn |
| 2 | Nextera Energy | 160.25 Bn | 161.15 Bn | - | 5.29 Bn |
| 3 | Southern | 96.31 Bn | 87.36 Bn | 5.92 Bn | 5.20 Bn |
| 4 | Duke Energy | 88.79 Bn | 87.40 Bn | 6.74 Bn | 6.84 Bn |
| 5 | National Grid | 79.16 Bn | 60.69 Bn | - | - |
| 6 | American Electric Power | 65.09 Bn | 63.47 Bn | 3.84 Bn | 4.20 Bn |
| 7 | Dominion Energy | 53.95 Bn | 56.63 Bn | - | 4.15 Bn |
| 8 | Sempra | 51.22 Bn | 50.35 Bn | 2.89 Bn | 1.35 Bn |
| 9 | Entergy | 47.09 Bn | 36.28 Bn | - | 2.67 Bn |
| 10 | Eversource Energy | 24.25 Bn | 24.41 Bn | - | 3.43 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 3.43 Bn |
| Dec 31, 2025 | 2.66 Bn |
| Sep 30, 2025 | 2.53 Bn |
| Jun 30, 2025 | 2.18 Bn |
| Mar 31, 2025 | 3.19 Bn |
| Dec 31, 2024 | 2.62 Bn |
| Sep 30, 2024 | 2.45 Bn |
| Jun 30, 2024 | 1.93 Bn |
| Mar 31, 2024 | 2.49 Bn |
| Dec 31, 2023 | 2.14 Bn |
| Sep 30, 2023 | 2.26 Bn |
| Jun 30, 2023 | 2.07 Bn |
| Mar 31, 2023 | 3.05 Bn |
| Dec 31, 2022 | 2.51 Bn |
| Sep 30, 2022 | 2.66 Bn |
| Jun 30, 2022 | 2.12 Bn |
| Mar 31, 2022 | 2.81 Bn |
| Dec 31, 2021 | 2.01 Bn |
| Sep 30, 2021 | 1.95 Bn |
| Jun 30, 2021 | 1.67 Bn |
API Access
Eversource Energy Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=ES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "ES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=ES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();