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Dec 31, 2023
Eversource Q4 2023 Earnings Report
Eversource Energy reported a net loss and non-GAAP earnings, driven by transmission, electric distribution, and natural gas distribution performance. The company announced a full exit from the offshore wind business and exploration of a potential sale of the water distribution business.
Key Takeaways
Eversource Energy reported a Q4 2023 loss of $(1,288.5) million, or $(3.68) per share, compared to earnings of $320.2 million, or $0.92 per share in Q4 2022. Excluding impairment charges and other non-recurring items, non-GAAP earnings were $333.5 million, or $0.95 per share, compared to $322.3 million, or $0.92 per share in Q4 2022.
Reported Q4 2023 loss of $(1,288.5) million, or $(3.68) per share.
Non-GAAP earnings for Q4 2023 were $333.5 million, or $0.95 per share.
Announced a full exit from the offshore wind business.
Plans to evaluate market interest in a transaction for its water distribution business.
Revenue by Segment
Forward Guidance
Eversource Energy projected 2024 non-GAAP earnings of between $4.50 per share and $4.67 per share. The Company also projected that its compound annual earnings per share growth rate from its regulated businesses would be within the range of 5 to 7 percent through 2028, using the adjusted $4.34 per share1 earned in 2023 as the base year. Eversource anticipates its equity issuances of up to $1.3 billion over the next several years, in combination with the potential sale of its water distribution business segment.
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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