NYSE$ES
Eversource Energy · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Eversource Energy reported mixed results due to an offshore wind investment impairment, but underlying business segments showed improvement.
Eversource Energy reported earnings of $15.4 million, or $0.04 per share, for the second quarter of 2023, significantly lower than the $291.9 million, or $0.84 per share, reported in the second quarter of 2022. The results include an after-tax impairment charge of $331.0 million related to its offshore wind investment. Excluding this charge and other transaction costs, the company earned $352.6 million, or $1.00 per share.
- Second quarter earnings were impacted by a $331.0 million after-tax impairment charge related to offshore wind investments.
- Excluding the impairment charge and other costs, non-GAAP earnings were $1.00 per share.
- The company reiterated its 2023 non-GAAP EPS projection of $4.25 to $4.43 per share.
- Eversource is on track to deliver top performance record for electric reliability.
Headline financials
Revenue & EPS history
Eversource · Revenue · Quarterly
$2.63B
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
Eversource Energy reiterated its 2023 non-GAAP earnings per share (EPS) projection of $4.25 to $4.43 per share, excluding the charges noted above. Eversource Energy also reaffirmed its long-term EPS growth rate from its core regulated businesses solidly in the upper half of 5-7 percent, using the $4.09 per share1 earned in 2022 as a base.
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 Q2 2023
-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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