earnings
confidence high
sentiment positive
materiality 0.65
Eversource Q2 GAAP EPS $0.77, +$0.02 YoY; reaffirms FY21 guidance lower end $3.81-$3.93
NSTAR ELECTRIC CO
- Q2 2021 GAAP net income $264.5M ($0.77/sh); adjusted net income $271.3M ($0.79/sh) excluding acquisition charges.
- Total operating revenues $2.12B, up 8.7% YoY from $1.95B; electric transmission earnings grew to $137.6M.
- Reaffirmed 2021 EPS projection toward lower end of $3.81-$3.93; long-term EPS growth in upper half of 5-7% from $3.64 base.
- Electric distribution Q2 earnings $121.6M (+$6.6M YoY) partly offset by storm-performance charge and higher O&M.
- Natural gas segment earnings surged to $151.6M in H1 2021 ($88.6M in H1 2020) driven by Columbia Gas of MA acquisition.