Eversource Energy : Q1 2026 EGMA Financial Statements

About this update from Eversource Energy (d/b/a)

‌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 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 972,382 972,382 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 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 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.

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