NYSE$ES

Eversource Energy · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Eversource Energy reported Q4 2022 earnings, with improved results in electric transmission and natural gas distribution, offset by a decrease in electric distribution earnings due to a contribution to help Connecticut households with energy prices.

Eversource Energy reported Q4 2022 earnings of $320.2 million, or $0.92 per share, compared to $306.7 million, or $0.89 per share in Q4 2021. Excluding certain charges, non-GAAP earnings were $322.3 million, or $0.92 per share, compared to $313.3 million, or $0.91 per share in Q4 2021.

  • Eversource Energy reported Q4 2022 earnings of $320.2 million, or $0.92 per share.
  • Excluding certain charges, non-GAAP earnings were $322.3 million, or $0.92 per share.
  • Electric transmission earnings increased due to a higher level of investment.
  • Natural gas distribution earnings increased due to higher revenues and lower pension expense.

Headline financials

Total Revenue

$3.03B

Previous: $2.48B+22.1%
EPS (adj)

$0.92

Previous: $0.91+1.1%
Capital Expenditures

$1.09B

Previous: $964M+13.0%
Free Cash Flow

-$377M

Previous: -$522M+27.8%
Net Income

$320M

Previous: $307M+4.4%
Operating Income

$522M

Previous: $473M+10.5%
Gross Profit

$1.25B

Previous: $1.16B+7.1%
Cash & Equivalents

$375M

Previous: $66.8M+460.8%
Total Assets

$53.2B

Previous: $48.5B+9.8%

Revenue & EPS history

Eversource · Revenue · Quarterly

$3.03B

Q4 2022+22.1%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Eversource · $333M total across 4 segments · Q4 2022

  • Electric Transmission
    $141M+6.3%
  • Electric Distribution
    $97.9M-6.8%
  • Natural Gas Distribution
    $87.1M+15.8%
  • Water Distribution
    $7.4M+10.4%

Forward guidance

Eversource Energy projects 2023 non-GAAP earnings of between $4.25 per share and $4.43 per share. The company also projects that its compound annual earnings per share growth rate from its regulated businesses would be solidly within the upper half of its previously disclosed range of 5-7 percent through 2027, using the adjusted $4.09 per share it earned in 2022 as the base year.

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 2022

Historical avgQ4 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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