NYSE$ES
Eversource Energy · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Eversource Energy reported strong financial performance driven by the hard work of its employees and effective response to weather events. The company also made history with the first operational commercial-scale offshore wind facility in the U.S.
Eversource Energy reported first quarter 2024 earnings of $521.8 million, or $1.49 per share, compared to $491.2 million, or $1.41 per share, for the first quarter of 2023. The company reaffirms its 2024 non-GAAP earnings projection of between $4.50 per share and $4.67 per share.
- Eversource Energy reported earnings of $521.8 million, or $1.49 per share, for Q1 2024.
- The company's transmission segment earned $176.7 million, driven by investments in the electric transmission system.
- The natural gas distribution segment earned $190.6 million, due to infrastructure investments and a base distribution rate increase.
- Eversource reaffirms its 2024 non-GAAP earnings projection of between $4.50 and $4.67 per share.
Headline financials
Revenue & EPS history
Eversource · Revenue · Quarterly
$3.33B
Revenue by segment
Eversource · $348M total across 4 segments · Q2 2023
- Electric Distribution$166M—47.6%
- Electric Transmission$161M—46.3%
- Natural Gas Distribution$11.7M—3.4%
- Water Distribution$9.3M—2.7%
Forward guidance
The company reaffirms its 2024 non-GAAP earnings projection of between $4.50 per share and $4.67 per share. It also reaffirmed its compound annual earnings per share growth rate within the range of 5 to 7 percent from a 2023 base of $4.34 per share1, and its $23.1 billion of forecasted capital investments.
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 2024
-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
| Quarter | Report date | Reaction (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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