Eversource Q1 2023 Earnings Report
Key Takeaways
Eversource Energy reported first quarter earnings of $1.41 per share, compared to $1.28 per share in the first quarter of 2022. The results reflect the impact of rate design changes in Massachusetts and a mild winter that lowered energy consumption and prices.
Earnings per share increased to $1.41 from $1.28 year-over-year.
Mild winter weather benefited customers through lower energy consumption and prices.
Board of Trustees approved a common dividend of $0.675 per share.
Company reaffirmed its 2023 non-GAAP earnings projection of $4.25 to $4.43 per share.
Eversource
Eversource
Eversource Revenue by Segment
Forward Guidance
Eversource Energy reaffirmed its 2023 non-GAAP earnings projection of between $4.25 per share and $4.43 per share, excluding transaction- and transition- related costs. It also reaffirmed its long-term earnings per share growth rate of solidly in the upper half of 5-7 percent from a 2022 base of $4.09 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income