secwatch.observer — SEC 8-K summary
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Issuer:     NSTAR ELECTRIC CO (NSARO)
CIK:        0000013372
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001104659-23-085829
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eversource Q2 GAAP EPS $0.04 vs $0.84, hit by $331M offshore wind impairment; adj. EPS $1.00 beats $0.86
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- Q2 GAAP EPS $0.04 diluted vs $0.84 YoY; includes $331M after-tax ($0.95/share) offshore wind impairment.
- Non-GAAP adjusted EPS $1.00 vs $0.86 YoY, beating prior year by ~16%; revenue $2.63B vs $2.57B.
- Reiterated 2023 non-GAAP EPS guidance $4.25–$4.43; long-term EPS growth rate reaffirmed at upper half of 5–7%.
- Electric transmission earnings $161M (+6% YoY); electric distribution $165.5M (+28% YoY) on higher revenues and favorable NH regulatory decision.
- Completed strategic review of offshore wind; sold undeveloped lease area to Ørsted and advancing sale of project interests.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/13372/000110465923085829/0001104659-23-085829-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/13372/000110465923085829/tm2322421d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-085829

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer