---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-022557"
form_type: "8-K"
ticker: "NSARO"
cik: "0000013372"
company_name: "NSTAR ELECTRIC CO"
filed_at: "2024-02-14T23:59:59+00:00"
generated_at: "2026-06-06T02:08:18.286933+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Eversource posts FY2023 GAAP loss of $442M on offshore wind impairment; guides FY2024 adj. EPS $4.50-$4.67

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-022557
- form_type: 8-K
- ticker: NSARO
- cik: 0000013372
- company_name: NSTAR ELECTRIC CO
- filed_at: 2024-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/13372/000110465924022557/0001104659-24-022557-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/13372/000110465924022557/tm245877d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-022557
- JSON: https://secwatch.observer/filing/0001104659-24-022557.json
- Plain text: https://secwatch.observer/filing/0001104659-24-022557.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/13372/000110465924022557/0001104659-24-022557-index.htm
- Earnings Releases
  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
  source text: $333.5 million 1 , or $0.95 per share 1 , in the fourth quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/13372/000110465924022557/0001104659-24-022557-index.htm
- Earnings Releases
  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
  source text: Eversource Energy projected 2024 non-GAAP earnings of between $4.50 per share and $4.67 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/13372/000110465924022557/0001104659-24-022557-index.htm
- Earnings Releases
  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
  source text: Eversource Energy reported non-GAAP earnings of $1,517.7 million 1 , or $4.34 per share 1 , for the full-year 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/13372/000110465924022557/0001104659-24-022557-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.