secwatch.observer — SEC 8-K summary
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Issuer:     NSTAR ELECTRIC CO (NSARO)
CIK:        0000013372
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001104659-24-084368
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eversource posts Q2 GAAP EPS $0.95 vs $0.04; reaffirms FY24 EPS guidance $4.50-$4.67
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- GAAP net income $335.3M ($0.95/diluted share) vs $15.4M ($0.04) in Q2 2023, which included a $0.96/sh impairment charge.
- Revenue $2.53B, down 3.6% YoY from $2.63B.
- Reaffirms FY24 non-GAAP EPS guidance $4.50-$4.67 and long-term EPS growth 5-7% from 2023 base of $4.34.
- Closed sale of Sunrise Wind to Ørsted; expects to close Revolution and South Fork Wind sales to GIP later in Q3.
- Electric transmission earnings rose to $189M (+$28M); electric distribution fell to $149.7M (-$15.8M) on higher storm costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/13372/000110465924084368/0001104659-24-084368-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/13372/000110465924084368/tm2420517d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-084368

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