The company said GAAP earnings for Q2 2024 were $335.3 million ($0.95 per share) compared with $15.4 million ($0.04 per share) for Q2 2023. First-half earnings were $857.2 million ($2.43 per share), compared with $506.6 million ($1.45 per share) in the prior-year first half.

1. 01

   The company said GAAP earnings for Q2 2024 were $335.3 million ($0.95 per share) compared with $15.4 million ($0.04 per share) for Q2 2023. First-half earnings were $857.2 million ($2.43 per share), compared with $506.6 million ($1.45 per share) in the prior-year first half.

2. 02

   Eversource said after-tax charges of $337.2 million ($0.96 per share) in Q2 2023 and $337.7 million ($0.96 per share) in the first half were mainly related to the impairment of its offshore wind investment. Excluding these charges, it said earnings were $352.6 million for Q2 2023 and $844.3 million for the first half.

3. 03

   The company reported earnings of $189.0 million for Electric Transmission ($161.0 million a year earlier), Electric Distribution of $149.7 million ($165.5 million), and Natural Gas Distribution of $27.1 million ($11.7 million) for Q2 2024.

4. 04

   Eversource said it reaffirmed its 2024 non-GAAP earnings per share outlook of $4.50 to $4.67. It also reaffirmed a long-term earnings per share growth rate of 5 to 7% based on a 2023 base of $4.34.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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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