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Sep 30, 2020

Eversource Q3 2020 Earnings Report

Reported earnings increase compared to the same quarter last year.

Key Takeaways

Eversource Energy reported earnings of $346.3 million, or $1.01 per share, in the third quarter of 2020, compared with earnings of $318.9 million, or $0.98 per share, in the third quarter of 2019.

Eversource Energy reported Q3 2020 earnings of $346.3 million, or $1.01 per share.

Electric distribution segment earned $205.5 million in Q3 2020.

Electric transmission segment earned $125.6 million in Q3 2020.

Aquarion Water Company subsidiary earned $23.1 million in Q3 2020.

Total Revenue
$2.34B
Previous year: $2.18B
+7.7%
EPS
$1.02
Previous year: $0.98
+4.1%
Gross Profit
$1.21B
Previous year: $1.11B
+8.2%
Cash and Equivalents
$730M
Previous year: $152M
+380.6%
Free Cash Flow
-$211M
Previous year: -$181M
+16.3%
Total Assets
$43.5B
Previous year: $39.7B
+9.5%

Eversource

Eversource

Eversource Revenue by Segment

Forward Guidance

Eversource Energy reaffirmed its 2020 earnings per share (EPS) projection of $3.60 to $3.70 per share, excluding costs related to the recently completed acquisition of assets of Columbia Gas of Massachusetts, and its long-term EPS growth rate from its core regulated businesses.

Revenue & Expenses

Visualization of income flow from segment revenue to net income