EX-99.2 3 tm2322421d1_ex99-2.htm EXHIBIT 99.2

 

Exhibit 99.2

 

EVERSOURCE ENERGY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

 

   For the Three Months Ended June 30,   For the Six Months Ended June 30, 
(Thousands of Dollars, Except Share Information)  2023   2022   2023   2022 
Operating Revenues  $2,629,342   $2,572,641   $6,424,985   $6,043,951 
                     
Operating Expenses:                    
Purchased Power, Purchased Natural Gas and Transmission   1,161,067    940,541    3,064,313    2,330,237 
Operations and Maintenance   427,290    452,174    881,852    924,608 
Depreciation   319,995    294,238    632,949    583,568 
Amortization   (218,422)   70,409    (294,481)   307,357 
Energy Efficiency Programs   145,823    136,679    368,774    336,163 
Taxes Other Than Income Taxes   232,927    223,031    461,344    443,395 
Total Operating Expenses   2,068,680    2,117,072    5,114,751    4,925,328 
Operating Income   560,662    455,569    1,310,234    1,118,623 
Interest Expense   207,313    160,090    401,858    313,334 
Impairment of Offshore Wind Investment   401,000        401,000     
Other Income, Net   94,875    93,861    183,857    165,422 
Income Before Income Tax Expense   47,224    389,340    691,233    970,711 
Income Tax Expense   29,922    95,598    180,893    231,643 
Net Income   17,302    293,742    510,340    739,068 
Net Income Attributable to Noncontrolling Interests   1,880    1,880    3,759    3,759 
Net Income Attributable to Common Shareholders  $15,422   $291,862   $506,581   $735,309 
                     
Basic and Diluted Earnings Per Common Share  $0.04   $0.84   $1.45   $2.13 
                     
Weighted Average Common Shares Outstanding:                    
Basic   349,462,359    345,893,714    349,339,752    345,525,030 
Diluted   349,729,982    346,295,478    349,670,996    345,978,306 

 

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.