earnings
confidence high
sentiment positive
materiality 0.60
Eversource Q2 EPS $0.84, adjusted $0.86; narrows 2022 EPS guidance to $4.04-$4.14
NSTAR ELECTRIC CO
- GAAP EPS of $0.84 in Q2 2022 vs $0.77 in Q2 2021; adjusted EPS of $0.86, up 9% YoY.
- Revenue of $2.57B for Q2 2022 vs $2.12B in Q2 2021, driven by transmission and distribution.
- Transmission segment earned $151.5M in Q2 2022, up from $137.6M in Q2 2021.
- 2022 EPS forecast narrowed to $4.04-$4.14 from $4.00-$4.17; long-term EPS growth reaffirmed at upper half of 5-7%.
- Net income attributable to common shareholders of $291.9M in Q2 2022 vs $264.5M in Q2 2021.