secwatch.observer — SEC 8-K summary
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Issuer:     NSTAR ELECTRIC CO (NSARO)
CIK:        0000013372
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001104659-24-022557
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/13372/000110465924022557/0001104659-24-022557-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/13372/000110465924022557/tm245877d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-022557

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