EX-99.2 3 tm2131538d1_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)  2021   2020   2021   2020 
Operating Revenues  $2,461,199   $2,343,642   $7,409,577   $6,670,497 
                     
Operating Expenses:                    
Purchased Power, Fuel and Transmission   880,639    806,254    2,529,217    2,312,957 
Operations and Maintenance   417,470    332,031    1,294,159    1,006,148 
Depreciation   276,846    244,453    822,197    721,179 
Amortization   45,236    57,515    158,860    130,687 
Energy Efficiency Programs   143,796    145,047    460,814    408,794 
Taxes Other Than Income Taxes   213,881    197,112    623,827    556,726 
Total Operating Expenses   1,977,868    1,782,412    5,889,074    5,136,491 
Operating Income   483,331    561,230    1,520,503    1,534,006 
Interest Expense   147,962    134,066    431,162    403,067 
Other Income, Net   43,768    29,218    124,588    83,565 
Income Before Income Tax Expense   379,137    456,382    1,213,929    1,214,504 
Income Tax Expense   94,091    108,242    294,461    275,621 
Net Income   285,046    348,140    919,468    938,883 
Net Income Attributable to Noncontrolling Interests   1,880    1,880    5,639    5,639 
Net Income Attributable to Common Shareholders  $283,166   $346,260   $913,829   $933,244 
                     
Basic Earnings Per Common Share  $0.82   $1.01   $2.66   $2.77 
                     
Diluted Earnings Per Common Share  $0.82   $1.01   $2.65   $2.76 
                     
Weighted Average Common Shares Outstanding:                    
Basic   344,023,846    343,076,614    343,848,905    337,375,172 
Diluted   344,669,782    343,773,602    344,480,056    338,424,100 

 

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 Ever source Energy and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.