NYSE$ES

Eversource Energy · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported full year and fourth quarter 2020 results, with EPS of $0.79 for the quarter.

Eversource Energy reported full-year 2020 earnings of $1.205 billion, or $3.55 per share, and fourth quarter 2020 earnings of $271.9 million, or $0.79 per share.

  • Full-year 2020 earnings were $1.205 billion, or $3.55 per share.
  • Fourth quarter 2020 earnings were $271.9 million, or $0.79 per share.
  • 2021 non-GAAP earnings are projected to be between $3.81 and $3.93 per share.
  • Long-term EPS growth through 2025 from core regulated utility segments is projected in the upper half of the previously announced range of 5-7 percent.

Headline financials

Total Revenue

$2.23B

Previous: $2.05B+9.0%
EPS (adj)

$0.85

Previous: $0.76+11.8%
Capital Expenditures

$841M

Previous: $782M+7.5%
Free Cash Flow

-$655M

Previous: -$268M-144.7%
Net Income

$272M

Previous: $250M+8.8%
Operating Income

$455M

Previous: $436M+4.4%
Gross Profit

$1.08B

Previous: $968M+12.1%
Cash & Equivalents

$265M

Previous: $15.4M+1616.9%
Total Assets

$46.1B

Previous: $41.1B+12.1%

Revenue & EPS history

Eversource · Revenue · Quarterly

$2.23B

Q4 2020+9%vs Q4 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Eversource · $291M total across 5 segments · Q4 2020

  • Electric Transmission
    $121M+2.2%
  • Electric Distribution
    $93.4M+3.0%
  • Natural Gas Distribution
    $62.3M+61.4%
  • Parent & Other
    $9.2M+255.9%
  • Water Distribution
    $5.6M-34.1%

Forward guidance

Eversource Energy projects 2021 non-GAAP earnings of between $3.81 per share and $3.93 per share, excluding incremental Columbia Gas asset transition costs. Eversource also projects that its long-term EPS growth through 2025 from its core regulated utility segments will be in the upper half of its previously announced range of 5-7 percent, using 2020 non-GAAP earnings of $3.64 per share as the 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 Q4 2020

Historical avgQ4 2020

-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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