NYSE$ES

Eversource Energy · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Eversource Energy reported Q1 2022 earnings and initiated a strategic review of offshore wind investments.

Eversource Energy reported first quarter 2022 earnings of $443.4 million, or $1.28 per share, compared with earnings of $366.1 million, or $1.06 per share, in the first quarter of 2021.

  • First quarter 2022 earnings were $443.4 million, or $1.28 per share.
  • The company reaffirmed its 2022 non-GAAP earnings projection of between $4.00 per share and $4.17 per share.
  • Eversource initiated a strategic review of its offshore wind investment portfolio.
  • The Board of Trustees approved a common dividend of $0.6375 per share, payable June 30, 2022.

Headline financials

Total Revenue

$3.47B

Previous: $2.83B+22.8%
EPS (adj)

$1.30

Previous: $1.06+22.6%
Capital Expenditures

-$765M

Previous: -$689M-11.0%
Free Cash Flow

-$319M

Previous: -$321M+0.5%
Net Income

$445M

Previous: $368M+21.0%
Operating Income

$663M

Previous: $586M+13.2%
Gross Profit

$3.42B

Previous: $2.78B+23.2%
Cash & Equivalents

$46.2M

Previous: $34.1M+35.4%
Total Assets

$49.3B

Previous: $46.5B+6.0%

Revenue & EPS history

Eversource · Revenue · Quarterly

$3.47B

Q1 2022+22.8%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Eversource · $457M total across 4 segments · Q1 2022

  • Natural Gas Distribution
    $164M+11.1%
  • Electric Transmission
    $149M+9.7%
  • Electric Distribution
    $141M+51.2%
  • Water Distribution
    $3.7M+2.8%

Forward guidance

The company today reaffirmed its 2022 non-GAAP earnings projection of between $4.00 per share and $4.17 per share, which excludes acquisition- and transition- related costs.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.1%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+0.2%

Avg return

30 days after

43%

28 / 65 earnings

Positive

+4.3%

Q4 2025

Best reaction

-4.8%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.9%-1.0%+3.0%
Q4 2025+4.3%+2.0%+4.0%
Q3 2025-1.1%-1.8%-9.6%
Q1 2025-0.6%+5.3%+9.7%
Q4 2024-2.8%+0.1%-0.1%
Q3 2024-2.5%-3.6%-3.0%
Q2 2024+0.2%-1.4%+2.4%
Q1 2024+0.2%-1.5%-2.3%
Q4 2023+2.9%+8.0%+8.1%
Q3 2023+1.7%-2.9%+9.3%
Q2 2023-2.4%-6.7%-10.7%
Q1 2023+0.4%+0.4%-8.4%
Q4 2022-1.5%+0.2%-4.1%
Q3 2022-1.0%-2.5%+8.7%
Q2 2022+3.5%+5.9%+7.5%
Q1 2022+3.6%+4.4%+6.4%
Q4 2021+0.1%+0.8%+1.5%
Q3 2021-0.3%-0.4%-2.0%
Q2 2021-0.1%+1.6%+4.4%
Q1 2021-0.1%+1.2%-1.8%
Q4 2020-3.3%-4.4%-4.5%
Q3 2020+0.8%+2.4%-4.2%
Q2 2020-0.5%-0.2%-6.3%
Q1 2020-4.1%-4.9%+6.8%
Q4 2019+0.9%+0.4%-27.9%
Q3 2019-0.0%-2.5%+0.9%
Q2 2019+0.0%+0.0%+4.7%
Q1 2019-0.2%+0.3%+3.0%
Q4 2018+0.2%-1.5%+1.8%
Q3 2018-1.7%+0.3%+8.0%
Q2 2018-0.0%+2.0%+4.8%
Q1 2018-1.5%-1.7%-6.6%
Q4 2017+3.7%+0.1%-1.0%
Q3 2017+0.9%+1.7%+4.5%
Q2 2017-0.7%-0.1%+3.5%
Q1 2017+0.5%+0.9%+5.3%
Q4 2016+2.6%+5.1%+6.3%
Q3 2016-2.9%-3.4%-7.2%
Q2 2016+1.4%+1.4%-6.2%
Q1 2016+0.8%
Q4 2015-1.9%
Q3 2015+1.0%
Q2 2015+3.0%
Q1 2015-3.2%
Q4 2014-2.8%
Q3 2014+2.5%
Q2 2014-1.6%
Q1 2014+0.4%
Q4 2013-0.4%
Q3 2013-0.1%
Q2 2013-1.8%
Q1 2013-1.7%
Q4 2012-0.6%
Q3 2012-0.6%
Q2 2012-0.7%
Q1 2012+1.1%
Q4 2009-0.2%
Q4 2011-0.2%
Q3 2011-0.7%
Q2 2011-4.8%
Q1 2011+0.5%
Q4 2010+2.6%
Q3 2010-1.5%
Q2 2010-0.4%
Q1 2010+1.3%

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