Eversource Energy reported a strong second quarter of 2022, posting earnings of $291.9 million or $0.84 per share, up from $264.5 million or $0.77 per share in Q2 2021. For the first half of 2022, EPS reached $2.13 compared to $1.83 in 2021. The company narrowed its EPS guidance for 2022 to $4.04 to $4.14 per share. Improvements were driven by higher revenues across its transmission and distribution segments, although costs in other areas increased. Eversource continues to focus on clean energy strategies while serving approximately 4.4 million customers.
Eversource Energy reported Q1 2022 earnings of $443.4 million ($1.28 per share), an increase from $366.1 million ($1.06 per share) in Q1 2021. The earnings growth was driven by higher revenues and lower pension costs across its segments: Electric Transmission ($148.5 million), Electric Distribution ($140.9 million), and Natural Gas Distribution ($164 million). The company approved a dividend of $0.6375 per share, payable on June 30, 2022. Eversource is also reviewing its offshore wind joint venture with Ørsted, exploring potential strategic alternatives.
Eversource Energy reported full-year 2021 earnings of $1,220.5 million, translating to $3.54 per share, slightly down from $3.55 in 2020. The fourth-quarter earnings were $306.7 million or $0.89 per share, up from $271.9 million or $0.79 per share in the previous year. Notable after-tax acquisition-related charges totaled $23.6 million for the year. The company anticipates 2022 earnings between $4.00 and $4.17 per share. Eversource aims for a 5-7% annual growth in earnings per share through 2026, with a focus on clean energy initiatives and operational efficiency.
Eversource Energy (NYSE: ES) reported third-quarter earnings of $283.2 million, or $0.82 per share, down from $346.3 million, or $1.01 per share, in Q3 2020. For the first nine months of 2021, earnings totaled $913.8 million, or $2.65 per share, compared to $933.2 million, or $2.76 per share, last year. The results include acquisition-related charges and significant regulatory settlement costs that impacted earnings. Eversource reaffirmed its 2021 EPS projection of $3.81 to $3.93, with a long-term EPS growth rate of 5-7%. The company serves 4.3 million customers across New England.