Eversource Q1 EPS $1.49, net income $522M; reaffirms FY24 guidance $4.50-$4.67

NSTAR ELECTRIC CO

GAAP EPS $1.49 (diluted) vs $1.41 YoY; net income $521.8M vs $491.2M.
Electric transmission earnings $176.7M (+$21.6M YoY); electric distribution $168.1M; gas distribution $190.6M.
Board declares $0.715/share dividend payable June 28 to holders of record May 16; reaffirms FY24 non-GAAP EPS $4.50-$4.67 and $23.1B capex plan.
South Fork Wind farm (with Ørsted) becomes first operational U.S. commercial-scale offshore wind facility; progress on sales of ownership interests.

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