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Dec 31, 2024
Eversource Q4 2024 Earnings Report
Key Takeaways
Eversource Energy reported Q4 2024 earnings of $72.5 million ($0.20 per share), recovering from a Q4 2023 loss of $1,288.5 million (-$3.68 per share). Non-GAAP earnings totaled $370.8 million ($1.01 per share), up from $333.5 million ($0.95 per share) in Q4 2023. Revenue increased to $2.97 billion from $2.69 billion a year earlier.
Eversource
Eversource
Eversource Revenue by Segment
Revenue by Segment
Electric Transmission Revenue
CapyFin.comElectric Distribution Revenue
CapyFin.comNatural Gas Distribution Revenue
CapyFin.comWater Distribution Revenue
CapyFin.com Forward Guidance
Eversource expects earnings per share in 2025 to be between $4.67 and $4.82, with a long-term EPS growth target of 5-7% through 2029. The company plans a $24.2 billion investment in infrastructure over the next five years.
Positive Outlook
- Projected EPS growth of 5-7% through 2029
- Planned $24.2 billion investment in infrastructure
- Strong performance in electric and natural gas distribution
- Improved operating efficiency and cost control
- Expected balance sheet strengthening through Aquarion divestiture
Challenges Ahead
- Pending sale of Aquarion may impact short-term results
- Higher interest expenses affecting earnings
- Regulatory risks associated with rate increases
- Challenges in offshore wind investment recovery
- Macroeconomic uncertainties impacting capital markets
Revenue & Expenses
Visualization of income flow from segment revenue to net income