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Sep 30, 2021

Eversource Q3 2021 Earnings Report

Eversource Energy reported a decrease in earnings compared to the same quarter last year, but reaffirmed its EPS projection for the year and long-term EPS growth rate.

Key Takeaways

Eversource Energy reported Q3 2021 earnings of $283.2 million, or $0.82 per share, compared to $346.3 million, or $1.01 per share, in Q3 2020. Excluding acquisition and settlement charges, earnings were $350.7 million, or $1.02 per share. The company reaffirmed its 2021 EPS projection of $3.81 to $3.93 per share and its long-term EPS growth rate from its existing regulated businesses in the upper half of 5-7 percent.

Eversource Energy reported earnings of $283.2 million, or $0.82 per share, in the third quarter of 2021.

Excluding certain charges, Eversource earned $350.7 million, or $1.02 per share, in the third quarter of 2021.

The company reaffirmed its 2021 EPS projection of $3.81 to $3.93 per share.

Eversource reaffirmed its long-term EPS growth rate from its existing regulated businesses in the upper half of 5-7 percent.

Total Revenue
$2.46B
Previous year: $2.34B
+5.0%
EPS
$1.02
Previous year: $1.02
+0.0%
Gross Profit
$1.16B
Previous year: $1.21B
-3.5%
Cash and Equivalents
$218M
Previous year: $730M
-70.1%
Free Cash Flow
-$75.1M
Previous year: -$211M
-64.3%
Total Assets
$48B
Previous year: $43.5B
+10.4%

Eversource

Eversource

Eversource Revenue by Segment

Forward Guidance

Eversource Energy reaffirmed its previously disclosed 2021 earnings per share (EPS) projection of $3.81 to $3.93 per share and also reaffirmed its long-term EPS growth rate from its existing regulated businesses in the upper half of 5-7 percent.

Revenue & Expenses

Visualization of income flow from segment revenue to net income