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AI brief of an SEC Form 8-K · Eversource Energy (ES)

Eversource Q2 GAAP EPS rises to $0.95 from $0.04 as prior-year charge drops out; revenue falls

Mixed Impact 3 of 5 earnings Written later

Eversource Energy reported second-quarter 2024 GAAP earnings of $335.3 million, or $0.95 per share, up from $15.4 million, or $0.04 per share, a year earlier. The prior-year period included a $331.0 million impairment of its offshore wind investment, and operating revenues fell to $2.53 billion from $2.63 billion. The company reaffirmed its 2024 non-GAAP earnings projection of $4.50 to $4.67 per share, and said it closed the Sunrise Wind sale and expects to close the Revolution and South Fork Wind sales later this quarter.

Key points

  • Q2 2024 GAAP EPS was $0.95 ($335.3 million) versus $0.04 ($15.4 million) in Q2 2023, which included a $331.0 million offshore wind impairment.
  • Excluding charges, Q2 EPS was $0.95 in 2024 versus $1.00 in 2023, according to the earnings slides.
  • Operating revenues were $2.53 billion for the quarter, compared with $2.63 billion a year earlier.
  • The 2024 non-GAAP EPS projection of $4.50 to $4.67 was reaffirmed; a webcast with management is set for August 1, 2024.

The filing

CompanyEversource Energy (ES)
Form8-K, current report
Filed with the SECJul 31, 2024, 4:22 PM ET
Accession number0001104659-24-084368

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.