Eversource Q1 2024 Earnings Report
Key Takeaways
Eversource Energy reported first quarter 2024 earnings of $521.8 million, or $1.49 per share, compared to $491.2 million, or $1.41 per share, for the first quarter of 2023. The company reaffirms its 2024 non-GAAP earnings projection of between $4.50 per share and $4.67 per share.
Eversource Energy reported earnings of $521.8 million, or $1.49 per share, for Q1 2024.
The company's transmission segment earned $176.7 million, driven by investments in the electric transmission system.
The natural gas distribution segment earned $190.6 million, due to infrastructure investments and a base distribution rate increase.
Eversource reaffirms its 2024 non-GAAP earnings projection of between $4.50 and $4.67 per share.
Eversource
Eversource
Eversource Revenue by Segment
Forward Guidance
The company reaffirms its 2024 non-GAAP earnings projection of between $4.50 per share and $4.67 per share. It also reaffirmed its compound annual earnings per share growth rate within the range of 5 to 7 percent from a 2023 base of $4.34 per share1, and its $23.1 billion of forecasted capital investments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income