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Mar 31, 2022

Eversource Q1 2022 Earnings Report

Eversource Energy reported Q1 2022 earnings and initiated a strategic review of offshore wind investments.

Key Takeaways

Eversource Energy reported first quarter 2022 earnings of $443.4 million, or $1.28 per share, compared with earnings of $366.1 million, or $1.06 per share, in the first quarter of 2021.

First quarter 2022 earnings were $443.4 million, or $1.28 per share.

The company reaffirmed its 2022 non-GAAP earnings projection of between $4.00 per share and $4.17 per share.

Eversource initiated a strategic review of its offshore wind investment portfolio.

The Board of Trustees approved a common dividend of $0.6375 per share, payable June 30, 2022.

Total Revenue
$3.47B
Previous year: $2.83B
+22.8%
EPS
$1.3
Previous year: $1.06
+22.6%
Gross Profit
$1.61B
Previous year: $1.36B
+18.2%
Cash and Equivalents
$165M
Previous year: $176M
-6.3%
Free Cash Flow
-$393M
Previous year: -$278M
+41.5%
Total Assets
$49.3B
Previous year: $46.5B
+6.0%

Eversource

Eversource

Eversource Revenue by Segment

Forward Guidance

The company today reaffirmed its 2022 non-GAAP earnings projection of between $4.00 per share and $4.17 per share, which excludes acquisition- and transition- related costs.

Revenue & Expenses

Visualization of income flow from segment revenue to net income