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Mar 31, 2024
Eversource Q1 2024 Earnings Report
Eversource Energy reported strong financial performance driven by the hard work of its employees and effective response to weather events. The company also made history with the first operational commercial-scale offshore wind facility in the U.S.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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