Eversource Energy said it earned $811.7 million ($2.27 per share) in 2024, compared with a loss of $442.2 million ($1.26 per share loss) in 2023. Excluding the loss on the sale of offshore wind investments and other charges, non-GAAP earnings were $1.63 billion ($4.57 per share) in 2023, compared with $1.52 billion ($4.34 per share).

1. 01

   Eversource Energy said it earned $811.7 million ($2.27 per share) in 2024, compared with a loss of $442.2 million ($1.26 per share loss) in 2023. Excluding the loss on the sale of offshore wind investments and other charges, non-GAAP earnings were $1.63 billion ($4.57 per share) in 2023, compared with $1.52 billion ($4.34 per share).

2. 02

   The company said it entered into a definitive agreement to sell Aquarion on January 27, 2025 with an aggregate enterprise value of approximately $2.4 billion, expected to close in late 2025. In Q3 2024, it completed the sale of its offshore wind equity method investments, recognizing an aggregate net after-tax loss of $524 million and recording a contingent liability of $365 million.

3. 03

   Eversource said cash flows provided by operating activities totaled $2.16 billion in 2024, compared with $1.65 billion in 2023. In the same year, investments in property, plant and equipment totaled $4.48 billion, new long-term debt issued was $4.50 billion, and long-term debt repaid was $1.95 billion.

4. 04

   Eversource projected 2025 earnings per share guidance in a range of $4.67 to $4.82 and said its long-term EPS growth rate through 2029 would be in a 5 to 7% range, using 2024 non-GAAP EPS of $4.57 as the base year. It also said it planned capital expenditures of $24.17 billion from 2025 through 2029.

Key figures

Fiscal year ended December 31, 2024

Revenue

$11.9B

Operating income

$2.4B

Net income

$819M

EPS

$2.27

Operating cash flow

$2.2B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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