ES - Eversource's Q4 Earnings Miss Offshore Wind Business Exit Eyes Water Distribution Business Sale & More | Benzinga
Eversource Energy (NYSE:ES) shares are trading higher after the company reported fourth-quarter FY23 revenue of $2.69 billion, missing the consensus of $3.24 billion.
Adjusted earnings rose to $333.5 million from $322.3 million a year ago. Adjusted EPS of $0.95 missed the consensus of $0.97.
Electric Transmission segment earnings rose to $167.0 million from $140.7 million a year ago, led by higher investment in electric transmission systems.
Electric Distribution segment earnings increased to $103.7 million from $97.9 million the prior year, aided by higher revenues from investments in the distribution system and a base distribution rate increase for Massachusetts electric business.
On the other hand, Natural Gas Distribution segment earnings fell to $76.5 million ...