earnings
confidence high
sentiment positive
materiality 0.85
Eversource reports FY2021 adj. EPS $3.86; guides FY2022 EPS $4.00-4.17
NSTAR ELECTRIC CO
- FY2021 GAAP EPS $3.54, adj. EPS $3.86 (up 6% YoY from $3.64 adj.); Q4 GAAP EPS $0.89, adj. $0.91.
- FY2021 revenue $9.86B (+10.8% YoY); electric transmission earnings $544.6M (+8.4%).
- Natural gas distribution earnings $204.8M (+51% YoY) on Columbia Gas of Massachusetts addition.
- FY2021 includes $86.1M after-tax charge for CL&P regulatory settlement; acquisition-related charges $23.6M.
- 2022 EPS guidance $4.00-$4.17; compound annual EPS growth from regulated ops in upper half of 5-7% through 2026.