earnings
confidence high
sentiment neutral
materiality 0.80
Eversource Q3 GAAP EPS $(0.33) vs $0.97 YoY; recurring EPS $1.13; guidance narrowed
NSTAR ELECTRIC CO
- Q3 GAAP net loss $(118.1)M ($(0.33)/share) vs $339.7M ($0.97) YoY from offshore wind exit.
- Non-GAAP recurring EPS $1.13 in Q3 vs $0.97 YoY; YTD recurring EPS $3.56 vs $3.38.
- 2024 non-GAAP EPS guidance narrowed to $4.52-$4.60 from $4.50-$4.67, reflecting higher interest expense.
- 5-year capital plan increased to $23.7B (from $23.1B) driven by Massachusetts ESMP approval.
- Completed offshore wind divestiture resulted in $524M YTD after-tax loss ($1.48/share).