EX-99.2 3 tm2420517d1_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)  2024   2023   2024   2023 
Operating Revenues  $2,533,522   $2,629,342   $5,866,097   $6,424,985 
                     
Operating Expenses:                    
Purchased Power, Purchased Natural Gas and Transmission   841,431    1,161,067    2,077,387    3,064,313 
Operations and Maintenance   464,424    427,290    927,388    881,852 
Depreciation   354,591    319,995    694,505    632,949 
Amortization   (114,137)   (218,422)   (116,462)   (294,481)
Energy Efficiency Programs   145,288    145,823    358,767    368,774 
Taxes Other Than Income Taxes   239,427    232,927    476,042    461,344 
Total Operating Expenses   1,931,024    2,068,680    4,417,627    5,114,751 
Operating Income   602,498    560,662    1,448,470    1,310,234 
Interest Expense   271,316    207,313    522,064    401,858 
Impairment of Offshore Wind Investment       401,000        401,000 
Other Income, Net   115,285    94,875    206,315    183,857 
Income Before Income Tax Expense   446,467    47,224    1,132,721    691,233 
Income Tax Expense   109,246    29,922    271,772    180,893 
Net Income   337,221    17,302    860,949    510,340 
Net Income Attributable to Noncontrolling Interests   1,880    1,880    3,759    3,759 
Net Income Attributable to Common Shareholders  $335,341   $15,422   $857,190   $506,581 
                     
Basic Earnings Per Common Share  $0.95   $0.04   $2.44   $1.45 
                     
Diluted Earnings Per Common Share  $0.95   $0.04   $2.43   $1.45 
                     
Weighted Average Common Shares Outstanding:                    
Basic   353,212,378    349,462,359    351,964,747    349,339,752 
Diluted   353,419,658    349,729,982    352,208,440    349,670,996 

 

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.