December 25, 2024
Eversource Q3 Earnings Flat; 2015 Earnings Up So Far
Eversource earned $235.9 million in the third quarter this year, about the same as its earnings for the same period a year ago.

By William Opalka

eversourceEversource Energy earned $235.9 million ($0.74/share) in the third quarter, about the same as its $234.6 million ($0.74/share) for the same period a year ago.

Results included after-tax integration costs of $1.7 million in 2015 and $3 million in 2014 from the combination of Northeast Utilities and NSTAR.

In the first nine months of 2015, Eversource earned $696.7 million ($2.19/share), compared with $597.9 million ($1.89/share) in the first nine months of 2014.

“We’re having a very successful year exceeding our financial and operational targets and advancing key initiatives to provide our region with long-term sources of low-cost, clean energy,” Eversource CEO Thomas J. May said in a statement.

The company also narrowed its 2015 earnings guidance to $2.80 to $2.85/share, which May said is “very consistent with our projected long-term EPS growth rate of 6 to 8%.”

Eversource’s electric distribution and generation segment earned $167.7 million in the third quarter, compared with $153.4 million in the third quarter of 2014.

Its transmission segment earned $78 million in the most recent quarter versus $88.1 million in the third quarter of 2014.

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