Eversource Energy (ES) on Q2 2020 Results - Earnings Call Transcript

published 01.08.2020 03:33

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In our water segment, which is also decoupled in Connecticut, unit sales were up 7.1% in the second quarter this year largely due to customers irrigating their properties during a very hot and dry month of June.

On the natural gas side, where both Yankee Gas and NSTAR Gas are decoupled, sales in the second quarter were up about 1.7% compared with last year.

At the Eversource parent, we lost $0.01 per share in the second quarter of 2020, excluding the Columbia Gas of Massachusetts asset acquisition costs compared to earnings of $0.02 per share in the second quarter of last year.

Our natural gas distribution segment earned $0.01 per share in the second quarter of 2020 compared with a slight loss in the second quarter of last year.

GAAP results, which include a charge of $0.01 per share relating to our pending acquisition of the assets of Columbia Gas, totaled $0.75 per share compared with earnings of $0.10 per share in the second quarter of 2019.

by My Authors from seekingalpha.com

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