EX-99.2 3 tm254636d2_ex99-2.htm EXHIBIT 99.2

 

Exhibit 99.2

 

EVERSOURCE ENERGY AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME/(LOSS)

(Unaudited)

 

   For the Three Months Ended December 31, 
(Thousands of Dollars, Except Share Information)  2024   2023 
Operating Revenues  $2,971,488   $2,694,238 
           
Operating Expenses:          
Purchased Power, Purchased Natural Gas and Transmission   740,832    935,329 
Operations and Maintenance   575,100    513,141 
Depreciation   372,853    343,363 
Amortization   215,369    (51,657)
Energy Efficiency Programs   165,007    160,145 
Taxes Other Than Income Taxes   257,488    235,370 
Loss on Pending Sale of Aquarion   297,000    — 
Total Operating Expenses   2,623,649    2,135,691 
Operating Income   347,839    558,547 
Interest Expense   288,696    231,300 
Losses on Offshore Wind Investments   —    1,766,000 
Other Income, Net   91,612    85,090 
Income/(Loss) Before Income Tax Expense   150,755    (1,353,663)
Income Tax Expense/(Benefit)   76,355    (67,058)
Net Income/(Loss)   74,400    (1,286,605)
Net Income Attributable to Noncontrolling Interests   1,880    1,880 
Net Income/(Loss) Attributable to Common Shareholders  $72,520   $(1,288,485)
           
Basic and Diluted Earnings/(Loss) Per Common Share  $0.20   $(3.68)
           
Weighted Average Common Shares Outstanding:          
Basic   366,481,846    349,938,891 
Diluted   366,883,093    350,167,959 

 

The data contained in this report is preliminary and is unaudited.  This report is being submitted for the sole purpose of providing information to shareholders about Eversource Energy and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.

 

 

EVERSOURCE ENERGY AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME/(LOSS)

(Unaudited)

 

   For the Years Ended December 31, 
(Thousands of Dollars, Except Share Information)  2024   2023   2022 
Operating Revenues  $11,900,809   $11,910,705   $12,289,336 
                
Operating Expenses:               
Purchased Power, Purchased Natural Gas and Transmission   3,736,078    5,168,241    5,014,074 
Operations and Maintenance   2,012,926    1,895,703    1,865,328 
Depreciation   1,433,503    1,305,840    1,194,246 
Amortization   342,864    (490,117)   448,892 
Energy Efficiency Programs   671,828    691,344    658,051 
Taxes Other Than Income Taxes   997,901    940,359    910,591 
Loss on Pending Sale of Aquarion   297,000    —    — 
Total Operating Expenses   9,492,100    9,511,370    10,091,182 
Operating Income   2,408,709    2,399,335    2,198,154 
Interest Expense   1,111,336    855,441    678,274 
Losses on Offshore Wind Investments   464,019    2,167,000    — 
Other Income, Net   410,482    348,069    346,088 
Income/(Loss) Before Income Tax Expense   1,243,836    (275,037)   1,865,968 
Income Tax Expense   424,664    159,684    453,574 
Net Income/(Loss)   819,172    (434,721)   1,412,394 
Net Income Attributable to Noncontrolling Interests   7,519    7,519    7,519 
Net Income/(Loss) Attributable to Common Shareholders  $811,653   $(442,240)  $1,404,875 
                
Basic Earnings/(Loss) Per Common Share  $2.27   $(1.27)  $4.05 
                
Diluted Earnings/(Loss) Per Common Share  $2.27   $(1.26)  $4.05 
                
Weighted Average Common Shares Outstanding:               
Basic   357,482,965    349,580,638    346,783,444 
Diluted   357,779,408    349,840,481    347,246,768 

 

The data contained in this report is preliminary and is unaudited.  This report is being submitted for the sole purpose of providing information to shareholders about Eversource Energy and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.