EARNINGS/(LOSS) PER SHARE
Basic earnings/(loss) per share is computed based upon the weighted average number of common shares outstanding during each period.  Diluted earnings/(loss) per share is computed on the basis of the weighted average number of common shares outstanding plus the potential dilutive effect of certain share-based compensation awards as if they were converted into outstanding common shares.  The dilutive effect of unvested RSU and performance share awards is calculated using the treasury stock method.  RSU and performance share awards are included in basic weighted average common shares outstanding as of the date that all necessary vesting conditions have been satisfied.  

For the years ended December 31, 2025, 2024 and 2023, there were no antidilutive share awards excluded from the computation of diluted EPS.

The following table sets forth the components of basic and diluted earnings per share:
Eversource
(Millions of Dollars, except share information)
For the Years Ended December 31,
202520242023
Net Income/(Loss) Attributable to Common Shareholders$1,692.4 $811.7 $(442.2)
Weighted Average Common Shares Outstanding:   
Basic370,852,601 357,482,965 349,580,638 
Dilutive Effect406,663 296,443 259,843 
Diluted371,259,264 357,779,408 349,840,481 
Basic Earnings/(Loss) Per Common Share$4.56 $2.27 $(1.27)
Diluted Earnings/(Loss) Per Common Share$4.56 $2.27 $(1.26)

Historical Timeline

Fiscal YearFiled
2025Feb 17, 2026Showing above
2018Feb 26, 2019
2017Feb 26, 2018
2016Feb 23, 2017

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.