earnings
confidence high
sentiment neutral
materiality 0.70
Eversource Energy Reports Q3 2023 EPS of $0.97, Narrows Full-Year Guidance
NSTAR ELECTRIC CO
- Q3 2023 net income was $339.7M ($0.97/share) vs $349.4M ($1.00) in Q3 2022.
- Nine-month 2023 EPS was $2.42, down from $3.13, hurt by a $331M after-tax impairment on offshore wind.
- Non-GAAP (excluding impairment) nine-month EPS was $3.38, up from $3.17 in 2022.
- Narrowed 2023 non-GAAP EPS guidance to $4.30-$4.43 from prior $4.25-$4.43.
- Electric transmission segment earnings rose to $160.3M in Q3 from $155.8M a year earlier.