EX-99.2 3 tm2329915d1_ex99-2.htm EXHIBIT 99.2

Exhibit 99.2

 

EVERSOURCE ENERGY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

 

   For the Three Months Ended September
30,
   For the Nine Months Ended September
30,
 
(Thousands of Dollars, Except Share
Information)
  2023   2022   2023   2022 
Operating Revenues  $2,791,482   $3,215,645   $9,216,467   $9,259,596 
                     
Operating Expenses:                    
Purchased Power, Purchased Natural Gas and Transmission   1,168,599    1,388,041    4,232,912    3,718,278 
Operations and Maintenance   500,711    454,289    1,382,563    1,378,897 
Depreciation   329,528    302,143    962,477    885,711 
Amortization   (143,979)   111,287    (438,460)   418,644 
Energy Efficiency Programs   162,425    162,545    531,199    498,708 
Taxes Other Than Income Taxes   243,645    240,047    704,989    683,441 
Total Operating Expenses   2,260,929    2,658,352    7,375,680    7,583,679 
Operating Income   530,553    557,293    1,840,787    1,675,917 
Interest Expense   222,283    178,174    624,140    491,509 
Impairment of Offshore Wind Investment           401,000     
Other Income, Net   79,123    89,831    262,980    255,253 
Income Before Income Tax Expense   387,393    468,950    1,078,627    1,439,661 
Income Tax Expense   45,850    117,661    226,743    349,305 
Net Income   341,543    351,289    851,884    1,090,356 
Net Income Attributable to Noncontrolling Interests   1,880    1,880    5,639    5,639 
Net Income Attributable to Common Shareholders  $339,663   $349,409   $846,245   $1,084,717 
                     
Basic Earnings Per Common Share  $0.97   $1.01   $2.42   $3.13 
                     
Diluted Earnings Per Common Share  $0.97   $1.00   $2.42   $3.13 
                     
Weighted Average Common Shares Outstanding:                    
Basic   349,704,155    347,297,411    349,461,219    346,115,823 
Diluted   349,851,969    347,762,693    349,731,320    346,573,101 

 

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.