8-K
filed February 14, 2024, 6:59 PM ET
ticker NSARO
CIK 0000013372
earnings
confidence high
sentiment negative
materiality 0.80
Eversource posts FY2023 GAAP loss of $442M on offshore wind impairment; guides FY2024 adj. EPS $4.50-$4.67
NSTAR ELECTRIC CO
- FY2023 GAAP net loss $442.2M (-$1.26 EPS) vs FY2022 earnings $1.40B ($4.05 EPS); Q4 loss $1.29B (-$3.68 EPS).
- Non-GAAP adjusted EPS FY2023 $4.34 (up from $4.09); Q4 $0.95 (up from $0.92). Guidance FY2024 $4.50-$4.67.
- Full exit of offshore wind: sells South Fork & Revolution Wind to Global Infrastructure Partners, Sunrise Wind to Ørsted.
- Plans to explore sale of water business (Aquarion) with $1.3B rate base; equity issuances up to $1.3B.
- Long-term regulated EPS growth target 5-7% CAGR through 2028 from $4.34 base.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
NSTAR ELECTRIC CO reported fourth quarter 2023 results: net income $(1,288.5) million, EPS $(3.68).
- Period
- fourth quarter 2023
- Net income
- $(1,288.5) million
- EPS
- $(3.68)
- Result
- reported results
Exact text from the filing
Eversource also reported a fourth quarter 2023 loss of $(1,288.5) million, or $(3.68) per share, compared with fourth quarter 2022 earnings of $320.2 million, or $0.92 per share.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
NSTAR ELECTRIC CO reported fourth quarter 2023 non-GAAP results: net income $333.5 million, EPS $0.95.
- Period
- fourth quarter 2023 non-GAAP
- Net income
- $333.5 million
- EPS
- $0.95
- Result
- reported results
Exact text from the filing
$333.5 million 1 , or $0.95 per share 1 , in the fourth quarter of 2023
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
NSTAR ELECTRIC CO reported 2024 results: EPS $4.50 to $4.67. Guidance initiated.
- Period
- 2024
- EPS
- $4.50 to $4.67
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Eversource Energy projected 2024 non-GAAP earnings of between $4.50 per share and $4.67 per share.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
NSTAR ELECTRIC CO reported full-year 2023 non-GAAP results: net income $1,517.7 million, EPS $4.34.
- Period
- full-year 2023 non-GAAP
- Net income
- $1,517.7 million
- EPS
- $4.34
- Result
- reported results
Exact text from the filing
Eversource Energy reported non-GAAP earnings of $1,517.7 million 1 , or $4.34 per share 1 , for the full-year 2023
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.