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EX-99.2 3 tm2427357d1_ex99-2.htm EXHIBIT 99.2 NSTAR ELECTRIC CO - Financial Report for the three and nine months ended September 30, 2024.
 
Exhibit 99.2
 
EVERSOURCE ENERGY AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF (LOSS)/INCOME
(Unaudited)

 

    For the Three Months Ended September 30,     For the Nine Months Ended September 30,  
(Thousands of Dollars, Except Share Information)   2024     2023     2024     2023  
Operating Revenues   $ 3,063,224     $ 2,791,482     $ 8,929,321     $ 9,216,467  
                                 
Operating Expenses:                                
Purchased Power, Purchased Natural Gas and Transmission     917,858       1,168,599       2,995,245       4,232,912  
Operations and Maintenance     510,439       500,711       1,437,826       1,382,563  
Depreciation     366,145       329,528       1,060,650       962,477  
Amortization     243,957       (143,979 )     127,495       (438,460 )
Energy Efficiency Programs     148,054       162,425       506,821       531,199  
Taxes Other Than Income Taxes     264,371       243,645       740,414       704,989  
Total Operating Expenses     2,450,824       2,260,929       6,868,451       7,375,680  
Operating Income     612,400       530,553       2,060,870       1,840,787  
Interest Expense     300,576       222,283       822,640       624,140  
Losses on Offshore Wind Investments     464,019       —       464,019       401,000  
Other Income, Net     112,555       79,123       318,870       262,980  
(Loss)/Income Before Income Tax Expense     (39,640 )     387,393       1,093,081       1,078,627  
Income Tax Expense     76,537       45,850       348,309       226,743  
Net (Loss)/Income     (116,177 )     341,543       744,772       851,884  
Net Income Attributable to Noncontrolling Interests     1,880       1,880       5,639       5,639  
Net (Loss)/Income Attributable to Common Shareholders   $ (118,057 )   $ 339,663     $ 739,133     $ 846,245  
                                 
Basic (Loss)/Earnings Per Common Share   $ (0.33 )   $ 0.97     $ 2.09     $ 2.42  
                                 
Diluted (Loss)/Earnings Per Common Share   $ (0.33 )   $ 0.97     $ 2.08     $ 2.42  
                                 
Weighted Average Common Shares Outstanding:                                
Basic     359,520,518       349,704,155       354,483,338       349,461,219  
Diluted     359,817,657       349,851,969       354,744,846       349,731,320  

 

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.