EX-99.2 3 tm2314460d1_ex99-2.htm EXHIBIT 99.2

Exhibit 99.2

EVERSOURCE ENERGY AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

|  | For the Three Months Ended March 31, |
(Thousands of Dollars, Except Share Information) |  | 2023 |  |  | 2022 |
Operating Revenues |  | $ | 3,795,643 |  |  | $ | 3,471,310 |
Operating Expenses: |  |  |  |  |  |  |  |
Purchased Power, Purchased Natural Gas and Transmission |  |  | 1,903,246 |  |  |  | 1,389,696 |
Operations and Maintenance |  |  | 454,562 |  |  |  | 472,433 |
Depreciation |  |  | 312,955 |  |  |  | 289,330 |
Amortization |  |  | (76,059 | ) |  |  | 236,948 |
Energy Efficiency Programs |  |  | 222,952 |  |  |  | 199,484 |
Taxes Other Than Income Taxes |  |  | 228,414 |  |  |  | 220,364 |
Total Operating Expenses |  |  | 3,046,070 |  |  |  | 2,808,255 |
Operating Income |  |  | 749,573 |  |  |  | 663,055 |
Interest Expense |  |  | 194,543 |  |  |  | 153,245 |
Other Income, Net |  |  | 88,981 |  |  |  | 71,561 |
Income Before Income Tax Expense |  |  | 644,011 |  |  |  | 581,371 |
Income Tax Expense |  |  | 150,972 |  |  |  | 136,045 |
Net Income |  |  | 493,039 |  |  |  | 445,326 |
Net Income Attributable to Noncontrolling Interests |  |  | 1,880 |  |  |  | 1,880 |
Net Income Attributable to Common Shareholders |  | $ | 491,159 |  |  | $ | 443,446 |
Basic and Diluted Earnings Per Common Share |  | $ | 1.41 |  |  | $ | 1.28 |
Weighted Average Common Shares Outstanding: |  |  |  |  |  |  |  |
Basic |  |  | 349,217,147 |  |  |  | 345,156,346 |
Diluted |  |  | 349,612,013 |  |  |  | 345,661,133 |

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.