Company: CNLHP
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050033
Chunk: 138

Company: CONNECTICUT LIGHT & POWER CO
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 138
---
 Statements.  We encourage you to review these items.

Financial Condition and Business Analysis

Executive Summary

Eversource Energy is a public utility holding company primarily engaged, through its wholly-owned regulated utility subsidiaries, in the energy delivery business.  Eversource Energy's wholly-owned regulated utility subsidiaries consist of CL&P, NSTAR Electric and PSNH (electric utilities), Yankee Gas, NSTAR Gas and EGMA (natural gas utilities) and Aquarion (water utilities).  Eversource is organized into the electric distribution, electric transmission, natural gas distribution, and water distribution reportable segments. 

The following items in this executive summary are explained in more detail in this combined Quarterly Report on Form 10-Q:

Earnings Overview and Future Outlook: 

•We earned $367.5 million, or $0.99 per share, in the third quarter of 2025, compared with a loss of $118.1 million, or $0.33 per share, in the third quarter of 2024.  We earned $1.27 billion, or $3.44 per share, in the first nine months of 2025, compared with $739.1 million, or $2.08 per share, in the first nine months of 2024.

•Our 2025 results include an aggregate net after-tax charge resulting from our previous offshore wind investments of $75.0 million, or $0.20 per share.  Our 2024 results include an after-tax loss on the sale of our offshore wind investments of $524.0 million, or $1.48 per share for the nine month period.  These 2025 and 2024 charges were recorded within Eversource Parent and Other Companies.  Excluding these charges, our 2025 non-GAAP earnings were $442.5 million, or $1.19 per share, in the third quarter of 2025 and $1.35 billion, or $3.64 per share, in the first nine months of 2025, and our 2024 non-GAAP earnings were $405.9 million, or $1.13 per share, in the third quarter of 2024 and $1.26 billion, or $3.56 per share, in the first nine months of 2024.  

•We narrowed our projection to earn within a 2025 non-GAAP earnings guidance range of between $4.72 per share and $4.80 per share excluding the