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Sep 30, 2022

Eversource Q3 2022 Earnings Report

Reported earnings increase compared to the same period last year.

Key Takeaways

Eversource Energy reported Q3 2022 earnings of $349.4 million, or $1.00 per share, compared to $283.2 million, or $0.82 per share, in Q3 2021. Excluding certain charges, non-GAAP earnings were $351.6 million, or $1.01 per share, in Q3 2022, compared to $350.7 million, or $1.02 per share, in Q3 2021.

Eversource Energy reported earnings of $349.4 million, or $1.00 per share, in the third quarter of 2022.

Excluding certain charges, Eversource Energy earned $351.6 million, or $1.01 per share, in the third quarter of 2022.

The company reaffirmed its 2022 EPS projection of $4.04 to $4.14 per share, excluding certain charges.

Eversource Energy reaffirmed its long-term EPS growth rate from its existing regulated businesses in the upper half of 5-7 percent, using the $3.86 per share earned in 2021 as a base.

Total Revenue
$3.22B
Previous year: $2.46B
+30.7%
EPS
$1.01
Previous year: $1.02
-1.0%
Gross Profit
$1.37B
Previous year: $1.16B
+18.1%
Cash and Equivalents
$486M
Previous year: $218M
+122.7%
Free Cash Flow
$43.4M
Previous year: -$75.1M
-157.8%
Total Assets
$51.6B
Previous year: $48B
+7.5%

Eversource

Eversource

Eversource Revenue by Segment

Forward Guidance

Eversource Energy reaffirmed its 2022 earnings per share (EPS) projection of $4.04 to $4.14 per share, which excludes the 2022 charges noted above. Eversource Energy also today reaffirmed its long-term EPS growth rate from its existing regulated businesses in the upper half of 5-7 percent, using the $3.86 per share1 earned in 2021 as a base.

Revenue & Expenses

Visualization of income flow from segment revenue to net income